Chorus for Fed taper grows louder


The Federal Open Market Committee (FOMC) shot itself in the foot by failing to reduce the pace of its asset purchases in September, according to Charles Plosser, the Federal Reserve Bank of Philadelphia president.

Plosser last night argued that the decision to stay the course on quantitative easing (QE) undermined the credibility of the committee, and the efficacy of forward guidance.

Fed chair Ben Bernanke indicated in June that if economic data was consistent with the FOMC's forecasts in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account