Fed's Plosser reiterates need to slow asset buys

Thu May 16, 2013 3:44am EDT

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May 16 (Reuters) - The president of the Federal Reserve Bank of Philadelphia, Charles Plosser, on Thursday again stressed the need for the U.S. central bank to reduce its asset purchases starting next month, according to prepared remarks for delivery to a conference in Italy hosted by the Global Interdependence Center, giving largely the same speech he delivered on May 14.