FED PLOSSER: FOMC statement was 'overly pessimistic,' endorses wait-and-see approach as the economic forecast hasn't 'changed very much.'

Still sees a 'very weak recovery,' argues that its a mistake to hold the benchmark rate at the record low until mid-2013.

FOMC must be aware of the risk for inflation, expects a 'long, slow slog' for the recovery.-CNBC TV