Plosser: Fed should cut asset purchases now


The Federal Reserve should begin tapering its asset purchase programme and terminating it before the end of the year, according to Charles Plosser, the president of the Federal Reserve Bank of Philadelphia.

Plosser, a member of the Federal Open Market Committee, yesterday said there was "sufficient improvement" in the US economy to start winding down its asset purchases. Recent data, he said, shows that the economy and labour market had "gotten off to a good start" to 2013, while inflation is

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