FED’S PLOSSER: US STILL NEEDS TO TIGHTEN
AMERICAN monetary policy could be tightened by the end of the year despite weak jobs figures from last week, the Federal Reserve’s Charles Plosser said yesterday. “I’m not seeing anything fundamental has changed in my view of the medium term outlook,” the hawkish Fed official said. Asked about a further programme of quantitative easing, dubbed “QE3”, Plosser said: “The hurdle rate for doing more is very high.”