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PhillyDeals: Differing views on how Yellen may run Fed

The "hawkish combination" of Federal Reserve Bank of Philadelphia President Charles I. Plosser and Dallas Fed President Richard Fisher, free-market-friendly economists who have rotated onto the Federal Reserve Open Market Committee this year, "may prove to have substantial power in setting the agenda" for Janet Yellen's first year as Fed chair, writes Guy LeBas, boss bond strategist at Janney Montgomery Scott L.L.C., of Philadelphia.

Charles Plosser, president of the Philly Fed, is seen as part of a vocal minority.
Charles Plosser, president of the Philly Fed, is seen as part of a vocal minority.Read more
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