Fed’s Plosser calls for end to QE

Charles Plosser, president of the Federal Reserve Bank of Philadelphia, tells Hong Kong that money printing must be brought to a halt before the end of the year.

Fed’s Plosser calls for end to QE

The employment and growth data in the US is sufficient for the Federal Reserve to begin reducing its asset-purchase programme, and end the printing of money by the end of the year.

So argues Charles Plosser, president and CEO of the Federal Reserve Bank of Philadelphia and one of the members of the Federal Open Market Committee FOMC, who spoke last night in Hong Kong at a seminar organised by MNI, a financial...

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