- Philadelphia Fed President Charles Plosser: the Federal Reserve should hike its interest rate sooner rather than later
Market news
14 January 2015
Philadelphia Fed President Charles Plosser: the Federal Reserve should hike its interest rate sooner rather than later
The Philadelphia Fed President Charles Plosser said on Wednesday that the Fed should hike its interest rate sooner rather than later as the U.S. economy has improved considerably.
Plosser believes that inflation will increase toward the Fed's 2% target as oil prices begin to recover.
He also said that the Fed has never been able to control longer-term rates.
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