Philadelphia Federal Reserve Bank President Charles Plosser, the loan dissenter at the Fed’s July policy meeting, on Saturday continued his push for the U.S. central bank to change its language on monetary policy to reflect an improving economy and pave the way for a sooner-than-expected interest rate hike. Plosser, who is known for his longstanding warnings about potential inflation risks, said his dissent has given voice to others on the Fed’s policymaking committee who feel the central bank’s steady, accommodative language had fallen out of step with a strengthening U.S. economy.
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