Bloomberg News

Fed’s Plosser Says Fed Funds Rate Should Be Main Instrument

June 08, 2011

June 6 (Bloomberg) -- Charles Plosser, President of the Federal Reserve Bank of Philadelphia, said the Federal Funds Rate should again become the main policy instrument for the U.S. central bank.

The composition of the Fed’s balance sheet should also shift towards shorter-term U.S. Treasuries, he said.

To contact the editor responsible for this story: Kati Pohjanpalo at kpohjanpalo@bloomberg.net


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