Wall St. Journal interviews Charles Plosser

The Real Time Economics Blog conducts a Q&A with the president of the Philadelphia Fed. Among other things, Plosser says,

It’s a mistake to rely on the slowdown for much disinflationary effect.

However, he was in agreement with the recent 25 basis point cut, given the changes in the economy since October. Read the whole thing. A short article is also in the Journal.