Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Plosser Says Fed May Need to Raise Main Interest Rate This Year

Federal Reserve Bank of Philadelphia President Charles Plosser said he believes the U.S. economy will improve and may prompt policy makers to raise the benchmark interest rate this year.

“The economy is doing a lot better,” Plosser said today in an interview on CNBC. “We’ve actually seen a pretty substantial firming of growth. We’re entering growth here in the first part of the year on a much firmer stance than last year.”

The Fed may need to raise interest rates “sooner than people expect,” Plosser said. Economic growth increased to 3 percent in the fourth quarter and the unemployment rate fell last month to an almost three-year low of 8.3 percent.

“We could raise rates somewhat and still be at a very easy policy stance,” Plosser said. “One percent is still pretty accommodative.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.