No shocks there then from Plosser who is speaking in London

  • Fed needs to prepare markets for sooner liftoff
  • US economy has made considerable progress toward Fed goals
  • last FOMC statement made clear policy is data dependent
  • language change was appropriate first step
  • see US GDP 3% in H2 2014 and 2015

Full text of speech here

Plosser -once again in hawkish mood

Plosser -once again in hawkish mood