U.S. Fed's Plosser floats setting a cap on QE3

Reuters

Nov 1 (Reuters) - A top U.S. Federal Reserve official onFriday floated the idea of setting a maximum dollar amount forits current, $85-billion-per-month bond-buying program.

"I'm actually leaning to believe that's a better way to getout of this," Philadelphia Fed President Charles Plosser said onCNBC television.

"It would be worthwhile for us to consider how do we get outof this ... program in a sensible way without confusing it withour interest rate forward guidance."

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