Plosser doesn't disappoint hawkish fans


Presenting various frameworks for figuring where the Fed Funds rate should be, Philadelphia Fed chief Charles Plosser says even the weakest view suggests a rate hike in Q3 with a 1% Fed Funds rate by the end of 2015. The strongest outlook suggests Fed Funds at 4.7% by the end of next year.

Plosser is a voting member of the FOMC this year.

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