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FOMC member Plosser's plan for tightening monetary policy would have the Fed dispose of $125B in...

  • Friday, March 25, 2011, 5:25 PM ET
    FOMC member Plosser's plan for tightening monetary policy would have the Fed dispose of $125B in assets for every 25 basis points increase in the Fed Funds rate, cutting $1.25T from the balance sheet while jacking rates to 2.5% over one year. Plosser doesn't have the "foggiest idea" if his plan will be implemented.
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    Of course he doesn't. Bernanke thinks he's crazy. It's much easier to print money to fix the economy and create jobs out of thin air.
    28 Mar 2011, 06:12 PM Reply Like
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