Exit strategy communication key: Philly Fed’s Plosser

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Charles Plosser, the president of the Philadelphia Federal Reserve, on Monday said central banks would need to communicate their intended policy choices clearly when exiting their accommodative monetary stance.

Speaking at the Global Interdependence Centre at the Bank of Finland in Helsinki, Finland, Plosser said: "Committing to a systematic, or rule-like, approach to policy decisions makes policy more predictable and will generally improve economic outcomes. Policy choices should, of course, be

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