Charles Plosser: Fed's low-rate pledge is "not a commitment"

Philly Fed President, Charles Plosser, says that the Fed may need to raise interest rates in 2012 and that Helicopter Bernanke's lower rates for longer statement is "not a commitment." It should be noted that Plosser was the only (now that his buddies Fisher and Kocherlakota are not voting this year) at last week’s FOMC meeting.