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Fed's Plosser Makes Case for Systematic Approach to Monetary Policy
Market News International | Wednesday, February 13, 2013
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Making the case for a systematic approach to monetary policy, Philadelphia Federal Reserve Bank President Charles Plosser said Tuesday the Fed's move to a threshold form of forward guidance was only a "step in the right direction," warning that it must be "humble" about the expected benefits of such guidance...

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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