LONDON — Philadelphia Fed President Charles Plosser said Friday that the Federal Reserve should put a total target size on quantitative easing and so disentangle issues of exit from interest rate policy. 

"We'd like our policies to be state-contingent but that's been hard to do with QE," Plosser said during an interview with CNBC television. "I'm actually leaning to believe that maybe that's a better way to get us out of this box of fine-tuning and the choice of taper ... putting a number on the size of the balance sheet or how big this program is going to be."

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