More from Plosser:

  • ‘Not coherent’ to lift interest rates while Fed still buying assets
  • Lowering of FOMC’s longer-term GDP growth forecasts a recognition of structural changes to US economy
  • Investors misinterpreting FOMC’s summary of economic projections; ‘they are not forecasts’ for Fed

Plosser talking with reporters after his speech and Q&A

Earlier comments here and here