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Plosser: Fed must raise rates as economy improves [Reuters]

Wednesday, January 13, 2010 - 8:11 AM
Another one of the few Fed anti-inflation hawks advocates interest rate hikes sooner rather than later:
I believe the Fed will need to withdraw the extraordinary amount of liquidity it has provided to the economy and begin to raise interest rates as the economy continues to improve and financial markets return to more normal operation
Unfortunatley, Plosser won't be a voting member of the FOMC until 2011.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634