Tag Archive for Charles Plosser

Lacker Becomes Second Fedhead to Say Rates Will Rise in 2013

Richmond Fed Prez Jeffrey Lacker became the second Fed district bank president to predict that the Fed would need to raise rates next year, ahead of the FOMC target of 2014.  Charles Plosser of the Philly Fed made a similar prediction yesterday.  The fact remains however that the Fed is way behind the curve in…

Plosser Says Rates Should Rise Before 2014 FOMC Target Date

Philly Fed President Charles Plosser said in a speech in San Diego: “You may know that I dissented from the FOMC decisions in August and September because it was not clear to me that increasing monetary policy accommodation was appropriate then. After all, inflation was higher and unemployment was lower relative to the previous year,…