Operation twist could have been done by tsy as well

Plosser deplores 'increasing calls' to abandon price stab'ty

Fed already 'blurred distinction' between mon/fisc pol

Prolonged fisc debate, uncert'y 'detrimental to growth

Higher taxes would discourage inv'mnt and work effort

Longer credible debt cut plan delayed more econ damage

Trutcural budg defs to persist beyond cycl'l problems

Unsust'ble fiscal path eventually leads to debt monet'zn

Debt monetization can lead to uncontrolled inflation

Using fed bal sheet for fiscal ends endangers independence