WASHINGTON Feb 28 Charles Plosser, president of
the Federal Reserve Bank of Philadelphia, said on Tuesday that
he sees steady growth in the U.S. economy despite recent
concerns about the winter weather and its impact on economic
Plosser, speaking in an interview on Bloomberg Television,
said it may take a few more months to get a better sense of what
various economic indicators are showing.
"The data is very noisy right now, extremely noisy with the
weather and other things," Plosser said. "We have to be a little
Plosser said he was optimistic about the nation's turnaround
and said the economy is "in a firmer position than it's been in
a number of years." He also reiterated forecasts, saying he sees
close to 3 percent growth for 2014.
"We're going to have a sort of steady pace of growth going
forward," he told Bloomberg.
He also reiterated the Federal Reserve's plans to use
various "technical tools" to control the flow of reserves as it
moves away from its stimulus.
"As we unwind from this, as we move towards normal policy,
we've got to manage that exit... with a variety of tools so that
we keep control," he said.