News Article

Fed's Plosser Says Stimulus May Backfire, Fuel Inflation

Via bloomberg.com » Submitted On Fri, 01/11/2013 - 12:33pm by John F Trent

Federal Reserve Bank of Philadelphia President Charles Plosser said the central bank's record stimulus risks a surge in inflation and may impair efforts by households to repair their finances. "Attempts to increase economic 'stimulus' may not help speed up the process and may actually prolong it," Plosser said in the text of a speech today in Somerset, New Jersey.

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