Fed’s Plosser Expects Growth in 2012, Opposes More Easing
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Federal Reserve Bank of Philadelphia President Charles Plosser said his growth outlook for 2012 hasn’t changed much in recent weeks and that he opposes a third round of asset purchases by the Fed.
“I am not sure it would be beneficial to the kind of problems we are facing,” Plosser said today in an interview with CNBC television in Jackson Hole, Wyoming. While first-half growth has been weaker than expected, he said his “forecasts for 2012 really haven’t changed very much.”