WASHINGTON — Philadelphia Federal Reserve Bank President Charles Plosser told a Pennsylvania bankers group that the unwinding of the Fed's highly accommodative policy will be difficult and "potentially disruptive."

Plosser, who doesn't vote on the Fed's policymaking Federal Open Market Committee this year, told the Pennsylvania Association of Community Bankers that "unwinding from a very large and growing balance sheet of long-duration assets will be difficult, potentially disruptive, and poses significant risks."

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