Plosser joins district criticism of Fed
Charles Plosser, the president of the Reserve Bank of Philadelphia, added his voice to a growing chorus of discontent from regional banks over the policies of the Washington-based Federal Reserve Board.
Plosser told the Financial Times, a newspaper, that financing the purchase of bubble assets was "a bridge too far".
Such a move, which has been mooted as part of joint strategy with the Treasury and Federal Deposit Insurance Corporation would expose America's central bank to credit risk and burden
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