Comments from Philly Fed hawk Charles Plosser:
- Repeats that he expects 3% growth in 2015
- Says his last dissent was in part opposition to time-based policy
- Fed should be data dependent, not time dependent
- Research shows delaying rate liftoff is risky
Plosser is living in another era and fighting the last war. He’s a non-voter and retires in a few months.
