Philadelphia Fed president Charles Plosser to retire
Vocal critic of unconventional monetary policies to leave FOMC in March 2015
Charles Plosser will step down as president of the Federal Reserve Bank of Philadelphia on March 1, after nearly nine years on the job.
Plosser, a vocal critic of the Federal Reserve's forward guidance and monthly asset purchases, will therefore vacate his seat on the Federal Open Market Committee (FOMC).
He has earned a reputation as one of the fiercest critics on the FOMC of the controversial policies put in place by the committee in the wake of the financial crisis, including quantitative
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