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Fed’s Plosser says US inflation is below target, but not that far below
buying assets is not the solution to creating more inflation; central banks have to understand limitations; ECB clearly has a challenge. So too does Japan; falling bank reserves could spur inflation; many indicators show that US rates are too low; there may be some reverberation from stronger USD but should be relatively small; Philly Fed chief Charles Plosser on CNBC ( so we could be posting for a while yet!);
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