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.

Analysis details (22:57)

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

15 Nov 2012 - 22:50 - Fixed Income Bank Speaker - Source: Newswires

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