Fed's Plosser (hawk, 2014 voter): Should scale back QE faster to reflect strength in the economy : sees GDP at 3% in 2014 and unemployment at 6.2% by the end of the year - sees unemployment rate reaching 6.5% (fed threshold) in the 1H of 2014, would like to be done with QE by the time the unemployment rate reaches 6.5% - Volatility in the emerging markets is not a risk to the US - inflation likely to firm up this year, expects less fiscal drag this year - Decline in labor participation rate rate is driven mostly by demographics