Fed’s Plosser Says Stimulus Exit Plan Would Promote Stability
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Federal Reserve Bank of Philadelphia President Charles Plosser said a plan to withdraw the central bank’s record monetary stimulus and “normalize” interest-rate policy would help avert confusion in financial markets.
“By articulating a systematic plan that gets us to our objective, we improve communication with the public, reduce uncertainty in the marketplace and lend credibility to the commitment that policy makers will follow through,” Plosser said today in Helsinki in the prepared text of a speech.