from Reuters:
Plosser acknowledged that growth has moderated, and that inflation has been subdued. However, he said he expects inflation expectations to remain stable and does not see a significant risk of sustained deflation.
Plosser said he opposes asset buying under current conditions because he worries policymakers would squander public confidence in the Fed's ability to combat deflationary expectations by acting prematurely.
Also, he said, it is difficult to see how additional asset purchase could have much impact on the near-term outlook for unemployment.
Plosser has been outspoken in expressing concern about the massive expansion of the Fed's balance sheet, which has doubled from pre-crisis levels as a result of recession-fighting efforts.
