Correspondent, Chicago
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Sep 22, 2014

Plosser, hawkish chief of Philadelphia Fed, to retire in March

By Ann Saphir

(Reuters) – Philadelphia Federal Reserve Bank President Charles Plosser, whose vocal discomfort with the U.S. central bank’s super-easy monetary policy marks him as one of its hawkish policymakers, will retire on March 1, 2015, the regional Fed bank said on Monday.

Plosser, 66, has dissented on policy decisions half a dozen times during his eight-year stint at the Fed, often charging that the looser monetary policy his colleagues support could spark future inflation and flies in the face of established monetary policy rules.

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    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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