- Pretty stable and positive rate of jobs growth right now
- Unemployment fall another signal to taper QE
- Participation rate largely demographic, says retirement an issue for rate
- Fed would be wise to get rid of QE and should gracefully exit from it.
- Says 2014 GDP forecast stay close to 3% for 2014
- Fed needs to put in QE dollar cap amount
- Fed needs solid systematic policy to avert bubbles
Speaking on CNBC
Another call for putting limits in place on QE and we could well see that at December’s FOMC instead of a taper if the the voting members all feel the same way. Placing a cap now would set the path out for tapering, though would lead to problems if the economy faltered at some point.
Anyway we know what Plosser likes to hunt at weekends.
