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In Wake Of QE Taper, Fed's Plosser Dusts Off Inflation Warning

wochit business
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January 03, 2014 AT 8:24 AM
A top U.S. central banker said on Friday that the Federal Reserve faces "immense" challenges now that it has reduced bond-buying, and needs to be cognizant of a rapid rise in future inflation. Philadelphia Fed President Charles Plosser, a voter on monetary policy this year, said the central bank's balance sheet is still growing at "a fairly rapid clip" despite the $10-billion reduction in monthly asset purchases, which started this month.