News Headline Summary

Fed's Plosser says there is still a lot of uncertainty

Says:

- Economy is growing at a moderate pace.
- Is dubious about the benefits of replacing operation twist.
- Expiration of operation twist is not necessarily policy tightening.
- Would not support adoption of numerical thresholds of unemployment, inflation to guide policy.
- Not comfortable keeping rates near zero into 2016.

Update details:

- Plosser is a non-voter on the FOMC with a hawkish view.

Print 22:50, 15 Nov 2012 - Asian News - Source: Newswires