Fed’s Plosser Sees Inflation Risk, Unemployment Falling
This article is for subscribers only.
Philadelphia Federal Reserve Bank President Charles Plosser warned of inflation pressures from record stimulus, while saying unemployment will probably fall to between 7 percent and 7.5 percent by the end of next year.
“I see the inflation risks in the U.S. as being clearly to the upside,” Plosser said today in a speech in London. “We must carefully watch for signals of inflation and altered expectations to ensure that monetary policy stays ahead of the curve.”