Fed’s Plosser supports numerical inflation objective

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At the 33rd Annual Economic Seminar, January 11, 2012, in Rochester, New York, Charles Plosser, president of the Philadelphia Federal Reserve, said the central bank was exploring further enhancements to increase transparency and the effectiveness of its communications.

Plosser said: "Improving the transparency of monetary policy has always been high on my list of things to do. The Fed is accountable to the public, so it needs to be clear about its goals and approach to making policy decisions

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