Charles Plosser

Charles Plosser, in an appearance on CNBC, gave his opinion on recent Federal Reserve policy decisions and his outlook for the US economy. Plosser reiterated his opposition to the process of using calendar dates in the Fed's statement on the economic outlook. Plosser said that the state of the...

Since the turn of the year, nearly every asset class has been on a tremendous bull run. Precious metals in particular have benefited, as gold and silver have rallied back from their recent lows. Gone are calls for a "gold bubble". Gold has risen in price throughout January and now sits near $1745...

Stocks have been rallying sharply, and bonds have been selling off in one of the most powerful rallies in some time, with the Dow Jones Industrial Average gaining more than 1,000 points in seven trading days. It has been hard to justify the reason for the move upwards, as nothing has really changed...

Minneapolis Federal Reserve President Narayana Kocherlakota just made some extremely interest comments in a speech, discussing his dissent at the August Federal Open Market Committee meeting. While he was one of three dissenters at the August FOMC meeting, Kocherlakota, said that he is leaving...

Philadelphia Federal Reserve Bank President Charles Plosser was just on CNBC with Steve Liesman and he discussed monetary policy and the state of the U.S. economy. He was asked about the recent dissent with two others on the recent policy actions that the Federal reserve took at its August 9...

Two important members of the Federal Reserve are coming out and expressing their dissent today, especially Dallas Federal Reserve President Richard Fisher. Fisher came out and made comments earlier that essentially told investors you are on your own. Fisher, towards the end of his prepared...

Tomorrow, Wednesday, August 17th from 9-10AM/ET, Philadelphia Federal Reserve President Charles Plosser will appear on Bloomberg Radio's "Bloomberg Surveillance" live in-studio with hosts Tom Keene (@tomkeene) and Ken Prewitt. Plosser will discuss the latest FOMC statement, economic policies that...

The general consensus among foreign-exchange professionals is that there will be no third round of quantitative easing. Bloomberg surveyed the professionals that attended its FX Summit in London last week and found that 65% believed that there would be no QE3. The Federal Reserve is set to...

The president of the Dallas Federal Reserve Bank, Richard Fisher, appeared on CNBC's Squawk Box this morning. In his appearance, he admitted that QE2 may have been partly to blame for the recent increase in the price of commodities. Fischer opposed QE2, and said he would oppose QE3. He stated that...

Nearly the only people making money today are gold and silver bulls, as the metals spiked upwards on Monday morning. The rest of the market stayed nearly flat. Trading volume was high in the metals--gold saw nearly twelve times average volume. In terms of the major currencies, gold's rally was...

Philadelphia Federal Reserve Bank President Charles Plosser said that despite the weak May nonfarm payrolls report on Friday, this does not change the view that monetary policy could be tightened at the end of the year. In other words, do not expect a QE3, at least for now. Plosser, who is a...

Hold your horses stimulus bears, Ben Bernanke might not be done yet. According to this Bloomberg article, Federal Reserve Chairman Bernanke may do a "QE 2.5", as the economy appears to be too weak to just stop stimulus all together. This would require the Federal Reserve to invest the proceeds of...

Charles I. Plosser, president of the Federal Reserve Bank of Philadelphia is speaking today and he is saying that the low inflation rate should be the top priority of the Federal Reserve. According to prepared remarks obtained from CNBC, Plosser said, "A stronger rebound in the economy or...

According to Philadelphia Federal Reserve President Charles Plosser, he believes the federal funds rate should be 2.5% sometime in the "not-too-distant future." Ploseser, who spoke before economists today, said that he believes the Fed should hike rates to 2.5% within a year. Plosser discussed a...

Charles Plosser, the president of the Philadelphia Federal Reserve Bank, has been more moderate on quantitative easing lately, and Plosser believes the program may have to end early if the economy continues to pick up pace. In his first speech of the year today, Plosser said the Federal Reserve...