On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
58° Feels Like: 58°
Wind: NNW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 53°

Tomorrow

Sunny 70°

Mon Night

Clear 46°

Alerts

Fed should stop easing, have some patience: Plosser

Philadelphia Federal Reserve President Charles Plosser speaks at an Economics21 event in New York, March 25, 2011. REUTERS/Brendan McDermid
Philadelphia Federal Reserve President Charles Plosser speaks at an Economics21 event in New York, March 25, 2011. REUTERS/Brendan McDermid

LANCASTER, Pennsylvania (Reuters) - The U.S. Federal Reserve needs to stop continually easing policy and have some patience because there are risks associated with its massive bond-buying program, Philadelphia Fed President Charles Plosser said on Wednesday.

"We are not even standing pat. We are trying to be easier and easier and easier," he told reporters. "That's why I believe it's time ... to quit trying to ease."

(Reporting by Jonathan Spicer; Editing by James Dalgleish)

Comments