Federal Reserve ‘s Plosser on CCNBC, comments hitting the wires:
- Says he is concerned that monetary policy is not reacting to change in data
- Says Fed is running a risky policy by not moving off zero bound
- Favours raising rates sooner and more gradually
- Says its not wise to make wages the centrepiece of monetary policy
- Doenst think there is a significant underutilization of labor market resources
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Charles Plosser is president of the Federal Reserve Bank of Philadelphia
