Fed’s Plosser: Need to be responsive to data not calendar time
Charles Plosser, Philadelphia Federal Reserve president, discusses interest rates, with CNBC’s Steve Liesman. Plosser is concerned with the lack of reaction to changing data.
The Federal Reserve’s current policy on interest rates is too “risky” and could lead to “traumatic” consequences, one of the Fed’s most outspoken hawks said on Thursday.
Oh, shut up, you racist.
We all know that free money isn’t risky. It’s Obamamagic!