WASHINGTON (MarketWatch)
The Federal Reserve should not embark on another large round of asset purchases to try to lower the unemployment rate, because the benefits seem small and the costs are potentially risky, said Charles Plosser, the president of the Philadelphia Federal Reserve Bank, on Thursday
"I don't see any point in growing [the balance sheet] any further," he remarked in an interview on CNBC at the start of the Fed's annual policy retreat in Jackson Hole, Wyo. Plosser, a leading hawk on the Fed, is not a voting member of the central bank's interest-rate setting committee this year
He also said the Fed is trying to force interest rates lower even though consumers and businesses don't want to borrow money
Plosser added he remains concerned that the $1.5 trillion in excess reserves sitting in the banking system as a result of earlier rounds of Fed asset purchases will ultimately create higher inflation when they begin to flow out as loans
Formación Académica y Profesional
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive
Licenciado Matemáticas (Especialidad Fundamentales) por UCM, MBA Executive, MBA Financial Markets, Project Management Excellence Certified
Financial Markets Services Consulting, IT CIO ACO Grupo Santander, IBM Global Services Principal, Electronic Data System Client Ececutive

Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

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