Plosser Says Fed Is Prepared to Respond on Europe: Tom Keene

Plosser Says Fed Is Prepared to Respond on Europe: Tom Keene

Scott Eells/Bloomberg

Charles Plosser, president and chief executive officer of the Federal Reserve Bank of Philadelphia, also reiterated comments from his Sept. 25 speech in which he said new bond buying announced by the Fed this month probably won’t boost growth or hiring and may jeopardize the central bank’s credibility.