Vladimír Urbánek (Kurzy.cz)
Markets  |  September 27, 2012 16:28:00

Plosser to European crisis: We're Ready to INSERT, if necessary


Philadelfského Fed chief Charles Plosser to address the European crisis said today that the Fed situation in Europe closely monitored and when it would appear that the Europeans themselves do not get under control the risk of a sprawl, is ready to take appropriate action. Plosser did not even hinted about what specific actions the Fed or in reserve.
According Plossera now but conditions monetary policy and the economy moves out accurately charted territory with a large number of major risk factors.

Plosser also reiterated his doubts about the desired effect of QE3 in American economic growth and the labor market.
Interest rates have been held in the U.S. at zero since December 2008 and still no marked improvement in economic development, which is frustrating in terms of regulation. Risks and costs may be higher than what little profit QE as a whole has brought, Plosser said.
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Plosser k evropské krizi: Jsme připraveni SE DO TOHO VLOŽIT, když to bude nutné

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