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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.”

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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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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