Fed’s Plosser warns against ‘accelerationist’ policy


The president of the Federal Reserve Bank of Philadelphia, Charles Plosser, said today (February 14) the US must "guard against an accelerationist approach to policy".

Speaking at the University of Delaware, he said such an approach, whereby calls are made for "monetary policy to do more and more in an attempt to get to our objectives that much faster", could pose risks to economic stability in the medium term.

Click here to read the speech.

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