Philly Fed President Charles Plosser reiterates his QE2 reservations (earlier), but perhaps more...

|By:, SA News Editor

Philly Fed President Charles Plosser reiterates his QE2 reservations (earlier), but perhaps more interesting is his admission of an inherent conflict facing the New York Fed in its lawsuit against Bank of America (BAC) regarding mortgage putbacks: pursuing its legal obligations while ensuring financial stability.