Bloomberg (12/06/13) Caroline Salas Gage
Federal Reserve Bank of Philadelphia president Charles Plosser said current strong job growth suggests the U.S. Federal Reserve should scale back its asset-purchasing program.
According to the minutes of the Fed’s October meeting, it may reduce its stimulus program in the coming months. Policy makers will next meet Dec. 17-18. Plosser supports limiting the stimulus program by putting a fixed amount on asset purchases.