Fed's Plosser (hawk, voter): Fed did not really change its position on rate hikes at the last FOMC meeting; 6-month time frame not an unexpected time frame for rate hike after taper ends - CNBC
- Was surprised by market reaction after Yellen press conference
- Given the current schedule of the taper, bond purchases would end in Nov
- Once the taper is over, Fed will be assessing economic conditions before hiking rates.
- Given the current schedule of the taper, bond purchases would end in Nov
- Once the taper is over, Fed will be assessing economic conditions before hiking rates.