Fed Presidents Differ Over Easing as Operation Twist End Nears
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Two Federal Reserve regional bank presidents signaled support for more easing while another official warned that withdrawing the current record stimulus may be difficult, highlighting differences among policy makers less than two weeks before they plan to meet.
“Monetary policy if anything is too tight,” Minneapolis Fed President Narayana Kocherlakota said at a panel discussion today in Chicago. It may be “very difficult for us to reverse course” and “we also have to worry about the future and the consequences of our policies further down the road,” Philadelphia’s Charles Plosser said at the same University of Chicago event.