Plosser: If Economy Grows, Exit Isn’t Too Far Away

If the economy continues trudging along, the Federal Reserve will need to start exiting from its accommodative monetary policy in the “not-too-distant future,” according to Charles Plosser, president of the Federal Reserve Bank of Philadelphia.

“While my expectation is that oil price increases will level off and that the currently elevated inflation measures will reverse, the risks to the inflation outlook are tilted to the upside,” he said.

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