Fed should stop easing, have some patience: Plosser

LANCASTER, Pennsylvania Wed Mar 6, 2013 9:52am EST

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.

Credit: 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)

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