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Fed's Plosser: We need to begin to get rid of QE
Philadelphia Fed President Charles Plosser told CNBC on Friday that it's probably time to "gracefully exit" the central bank's quantitative easing bond purchases because the November jobs report was more evidence of a strengthening economy. The report showed nonfarm payroll growth of 203,000 jobs and an unemployment rate that dropped to 7 percent. Plosser said in a "Squawk Box" interview that the numbers show a stable, positive trend of job growth. "It's pretty positive clearly. We continue to make solid progress," he said, but warned that investors should not to make too much of one month's report. Investors are ... (full story)
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