Fed's Plosser (hawk, non-voter): Fed cannot control long-term bond yields, US economy is nowhere close to deflation - Q&A - Low long-term rates are difficult to parse but may reflect concerns about situation in Europe, reach for yield
- Fed needs to look past transitory impacts from oil prices, should not over react to the oil situation
- Inflation may remain low for a while
- Wage growth is not something the Fed can control