Plosser says MBS buys crosses the line

They’re speaking on a panel, so there are no prepared comments.

• Dudley says the US needs a credible medium-term plan to cut the deficit
• Dudley, commitment to low rates has lowered long-term borrowing costs
• Plosser says there needs to be a clear line between mon pol and fiscal policy, but Fed action has blurred the line
• Plosser: MBS purchases as breach of fiscal boundaries