Plosser and Conti-Brown debate Fed governance reforms

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The structure of the Federal Reserve System presents problems for both constitutional law and public policy, according to a US academic who today called for an overhaul of the Fed's governance structure.

Peter Conti-Brown, an academic fellow at Stanford Law School, presented his paper The Twelve Federal Reserve Banks: Governance and Accountability in the 21st Century at a Brookings event today, before former Philadelphia Fed president Charles Plosser offered a response.

In his paper, Conti-Brown

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