Philadelphia Fed president Charles Plosser to retire

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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 ea

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