Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to Financial News

Plosser Says 2015 Fed Rate Outlook Risks Spurring Inflation

Friday, October 12, 2012 - 5:55 AM
From Bloomberg Businessweek
“To keep the funds rate at zero that long would risk destabilizing inflation expectations and lead to an unwanted increase in inflation,” Plosser said today in a speech in Avondale, Pennsylvania. “Chasing an elusive goal for unemployment could well risk losing control over inflation. That was the lesson of the Great Inflation during the 1970s.”

Read more

It should be noted that Charles Plosser, the Federal Reserve Bank of Philadelphia President, won't be a voting member in the FOMC until 2014.
1
Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
Rep Points: 123,743
Reply