Trade Correspondent, Washington DC, USA
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Fed’s Plosser calls for single mandate for U.S. central bank

WASHINGTON (Reuters) – The U.S. Federal Reserve’s mandate should be overhauled to focus primarily on price stability and it should have strict limits on its operations to improve the working of monetary policy, a top Fed official said on Thursday.

Charles Plosser, president of the Philadelphia Fed, said the U.S. public had come to expect too much of the central bank after policymakers expanded their tools to deal with the financial crisis and its aftermath.

Oct 30, 2013
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    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2004
      Languages:
      English, German, Spanish, Portuguese
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