BOSTON — Philadelphia Federal Reserve Bank President Charles Plosser Thursday said he's never much liked the central bank's current asset purchase program and that the moment has arrived to start phasing it out.

"I think it's time that we begin to gradually unwind ourselves form this activity," Plosser told reporters following a speech at Boston College's Carroll School of Management. "I wish we hadn't started it, but given that we've started it, you've got to figure out a way to back yourself out of it."

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