Plosser: Inflation risks unless Fed tightens - MarketWatch

Plosser: Inflation risks unless Fed tightens - MarketWatch

Philadelphia Fed President Charles Plosser said Friday there are some risks to inflation in the medium to longer run unless monetary policy is tightened more quickly than the Fed anticipated in its last statement. He expects growth of around 3% this year and in 2014 and said the unemployment rate may fall to near 7% by the end of the year. Plosser isn't a voting Federal Open Market Committee member this year.