Comments from the Fed's Plosser Feb 17, 2015
- 1.00-1.50% Fed funds rate at the end of 2015 is 'reasonable'
- FOMC's 'patient' language will be difficult to exit
- Fed should be really close to raising rates
- US could hypothetically face a flood of liquidity if Greece leaves euro, Fed must be prepared
Nothing surprising as Plosser ends his term.