- Labor market a little better
- Reason to look for modest economic recovery
- Sees slightly above trend growth
- Sees unemployment near 8%, perhaps below, at year-end
- Plosser projects first rate hike in 2012
- Very concerned about “we’ve got to do more” policy
- Near-zero rates punishing savers; object to get savers to spend…has serious long-term consequences on long-term wealth
- FOMC may be coaxing investors to take undue risks
Godspeed, Charlie Plosser. My new man-crush…
