Fed's Plosser at odds with policy approach favored by Yellen

PHILADELPHIA (Reuters) - The Great Recession could have done permanent damage to potential U.S. output, a top Federal Reserve official said on Saturday, taking an indirect shot at more cyclical approaches to policy-making that is favored by many economists, including the next Fed chair.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/Cvn4WXml7g0/story01.htm