Reuters: Economic News: Fed's Plosser sees conditions for tightening

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Fed's Plosser sees conditions for tightening Mar 29th 2012, 19:07 Tweet Share this Email Print Related News Bernanke: Far too early to call victory in recovery Tue, Mar 27 2012 Bernanke says U.S. needs faster growth Mon, Mar 26 2012 WRAPUP 2-Bernanke: US needs faster growth to lower unemployment Mon, Mar 26 2012 Fed's Plosser criticizes unfettered asset-buying Mon, Mar 26 2012 Fed's Fisher sees no need for more monetary easing Thu, Mar 22 2012 Analysis & Opinion Bernanke's jobs pivot What has happened to gold? Philadelphia Federal Reserve President Charles Plosser speaks at an Economics21 event in New York, March 25, 2011. Credit: Reuters/Brendan McDermid WILMINGTON, Delaware | Thu Mar 29, 2012 3:07pm EDT WILMINGTON, Delaware (Reuters) - Pressure would grow on the Federal Reserve to tighten policy this year if growth and the labor market continue to improve, Philadelphia Fed President Charles Plosser told reporters on Thursday. "If growth continues to improve, the unemployment rate continues to fall, then there will be increasing pressure on us to begin easing off of our policy stance," he said, adding that under such circumstances the Fed might have to raise rates before the end of the year. Even if the U.S. federal funds rate was raised to 0.75 percent, he added, "we're still going to be in a very accommodative stance of policy." (Reporting by Jonathan Spicer; editing by Jeffrey Benkoe) Tweet this Link this Share this Digg this Email Reprints Comments (0) This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

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