Fed's Plosser: Opposed To Risky QE3 Because It Won't Work

From Reuters

The Federal Reserve's latest monetary stimulus will not do much to boost economic growth or lower unemployment and raises the risk of longer-run inflation, Philadelphia Fed President Charles Plosser said on Tuesday.

Read more

Unfortunately, Plosser won't be a voting FOMC member until 2014.

This infographic at Reuters provides a useful view of the inflation hawks and doves on the FOMC. As you can see the inflation hawks are a minority.