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BIRMINGHAM, Ala. -(Dow Jones)- One of the Federal Reserve’s leading hawks warned Wednesday of the risks of maintaining easy monetary policy in the face of rising commodity prices and said if the recovery continues to pick up speed, he would support curtailing the bond-buying program widely known as QE2.
“Should economic prospects continue to strengthen, I would not rule out changing the policy stance to bring QE2 to an early close,” Federal Reserve Bank of Philadelphia President Charles Plosser said.
“If the growth rates of employment and output begin to accelerate or if inflation or inflation expectations …
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