Philadelphia Fed names new president

The Federal Reserve Bank of Philadelphia announced Tuesday 6 June that Charles I. Plosser, a professor of economics, has been named president of the Philadelphia Fed.

Dr. Plosser, 57, is the John M. Olin Distinguished Professor of Economics and also serves as director of the Bradley Policy Research Center at the William E. Simon Graduate School of Business Administration at the University of Rochester.

The Philadelphia Fed said in a statement that Dr. Plosser, 57, will assume his new position

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