Charles Plosser

Last November, I posted a two-part piece on the limits of monetary policy based on a speech by Charles Plosser. The message of Plosser’s speech - and many subsequent speeches - has been that central banks are being called on to do too…

We posted this in November, but are re--posting now because it is relevant. Hat tip goes to Barry Ritholtz who published it over at the Big Picture recently. Also see two previous posts on this site from November related to this one, based…

Below is a speech by Philadelphia Federal Reserve President Charles Plosser recommended a more circumscribed role for the Fed.

On Thursday, Philadelphia Federal Reserve President Charles Plosser gave a speech on Thursday called “A Limited Central Bank” that I highly recommend. The underlying theme of Plosser’s speech was that central banks should have a limited…