On March 25th, Philadelphia Fed President Plosser surprised the markets by laying out a strategy for withdrawing the massive monetary stimulus pumped in over the last 4 years and stated that an improving economy means policy makers should consider how to exit. He stated that the Fed should sell assets from its balance sheet and raise interest rates at the same time.
On March 26th, St. Louis Fed President Bullard stated that the FOMC should review QE2 to see if it could be completed early as the economy may not need it as it has rebounded. He went on to … …READ MORE
