9 February 2015, 19:23  Plosser, Fed: Data suggests Fed should raise rates in near future

- Important to keep inflation expectations anchored
- Doesn't see wage growth exploding at this point
- European weakness to have minor impact in US
- Doesn't fully understand drop in bond yields
- Fed never should have put `patient` in the statement
- Current FOMC language ties Fed's hands on policy
- Data suggests Fed should raise rates in near future.

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