- Jobless rate may decline to 5.8% by December and 5.6% by end of 2015
- Inflation appears to be firming
- Holds a fairly optimistic view on economy
- Economic strength is broad based
- May need more aggressive guidance on rate hikes if Fed nears goals faster than expected
- Wants rule based monetary policy to force policy members to better explain decisions and to provide clarity
Charles Plosser is speaking to the economic club of New York
For dollar bulls inflation watch is on and a shift in bias by Fed members over inflation and time of rate hikes is going to see the dollar well bid.
