Some slow progress on CDS transparency -Fed's Plosser

ROCHESTER, N.Y., Dec 2 (Reuters) - The credit default swap market is seeing slightly more transparency now than a few months ago but a lot of uncertainty remains, Philadelphia Federal Reserve President Charles Plosser said on Tuesday.

"There has been some progress made on transparency, but it is very slow," Plosser said, adding that a clearing house would be a step in the right direction.

Plosser was answering audience questions after a speech to the 30th Annual Economic Seminar in Rochester, New York.

(Reporting by Kristina Cooke, Editing by Chizu Nomiyama)