- decision on amount of tapering will depend on FOMC
- Fed is continually trying to ease policy; time to quit and have some patience
- hard to pre-commit to not selling assets in face of rising inflation in years ahead, would be nervous about that plan
- worth being wary about bubbles in certain asset classes
- not a fed policy to deliberately raise inflation expectations above 2% target
- sequester is not a key deflationary factor
- warns on overly specific rules for tapering asset purchases
Fed’s Plosser: on stand against QE3 and policy easing, time to quit and be patient
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}