Fed's Plosser: "Market May Overwhelm Us" (Force Rate Rise)

``"It may work out just fine, but there's a risk to that strategy, and the risk is that we wait until the point where markets force us to raise rates and then we have to react quickly and aggressively. I believe that if we wait too long, then we run the risk of falling very far behind the curve or disrupting the economy by rapid rate increases.''