•  Based on the economic progress that has been made and his economic outlook, President Plosser believes it is appropriate to end asset purchases, and he supported the FOMC’s decision in January to continue to reduce the pace of purchases.
•  A case can be made for ending the current asset purchase program sooner to reflect the improvement in the economic outlook and to lessen some of the communications problems the FOMC will face with its forward guidance. Introduction I am delighted to return once again to the University of Delaware to speak at this annual event.