HELSINKI, Finland — Last Friday’s weak employment data does not change the medium-term outlook for the U.S. economy, and it is possible the Federal Reserve will raise interest rates by the end of the year, Federal Reserve Bank of Philadelphia president Charles Plosser said Monday.

“Tighter monetary policy by the end of the year is certainly possible,” Plosser, a voting member of the Federal Open Market Committee, said in a press conference on the sidelines of a conference in Helsinki.

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