Archive: September, 2012
Mike Armstrong, Inquirer Columnist
Federal Reserve Bank of Philadelphia president Charles Plosser said in a speech Tuesday that he does not think that monetary policy can "do much to speed up the slow progress" in the labor market.
According to prepared remarks for a speech before the CFA Society of Philadelphia and Bond Club of Philadelphia, Plosser discussed the Fed's latest round of stimulus, known as QE3, and said he opposed the actions taken by the Federal Open Market Committee earlier this month.
(Plosser is not a voting member of the FOMC in 2012.)