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Outgoing Fed official warns of danger of verbal mishaps

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"I worry the risks of volatility or snap-backs when the Fed actually moves is probably greater than it needs to be," said Mr Plosser.

Philadelphia

VERBAL missteps by the US Federal Reserve have increased the risk of a volatile market reaction when the time comes to raise interest rates, the outgoing president of the Philadelphia Fed said.

A week before stepping down from the US central bank, Charles Plosser said

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