Hawkish Charles Plosser says there's no point in another round of Fed easing, in part because it...


Hawkish Charles Plosser says there's no point in another round of Fed easing, in part because it risks future inflation. "Monetary policy today is at an extraordinary level of accommodation never before seen in history, and there are unintended consequences we are likely to face," the Philly Fed president tells CNBC.

Comments (2)
  • into dark shadows
    , contributor
    Comments (460) | Send Message
     
    Thank you Mr. Plosser for being a man and saying what you mean and meaning what you say!

     

    Perhaps if it was you in charge instead of Bubble Blowin' Ben, we might be making some progress today instead of wallowing in QE hell!

     

    Tell your boss to holster the QE stun gun and give the hard working American men and women a break and support a STRONG dollar policy so we can all regain the standard of living he so arrogantly destroyed with all his recklessness!

     

    God save the republic!
    30 Aug 2012, 05:19 PM Reply Like
  • Storm Warning
    , contributor
    Comments (173) | Send Message
     
    Plosser is correct and this is key - there is no way to foresee all the unintended consequences that will result and this has borne out throughout history. We will pay much more for easing down than the road than we get from it now.
    30 Aug 2012, 05:22 PM Reply Like
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