Plosser Opposes More Fed Bond Buying, Sees Small Deflation Risk
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Federal Reserve Bank of Philadelphia President Charles Plosser said he opposes more monetary expansion by the U.S. central bank in part because he sees “little risk” of deflation.
“Because I see little gain at this point, and some costs, I would prefer not to engage in further asset purchases at this time,” Plosser said in remarks prepared for a speech to the Greater Vineland, New Jersey, Chamber of Commerce today. “Asset purchases in our current economic environment can do little if anything to speed up the return to full employment.”