Federal Reserve Bank of Philadelphia president Charles Plosser reiterated his opposition to further monetary easing Tuesday morning, warning the Fed may already have set the stage for increased inflation as well as financial market "distortion" with the easy monetary policy it is already running.

Plosser argued against what he called "accelerationist" policies and warned that further "aggressive" efforts to bring down unemployment would lead the U.S. economy down "a very treacherous path."

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