Plosser pushes for adoption of explicit inflation target


Charles Plosser, president of the Philadelphia Federal Reserve, on Tuesday said the Federal Open Market Committee (FOMC) should improve communication with the public over policy by adopting an explicit inflation target.

At the Global Interdependence Center's 2011 Global Citizen Award Luncheon
Union League Club, in Philadelphia, Pennsylvania, Plosser said: "I see no reason for the FOMC not to simply make explicit that its longer-term inflation objective is 2%. Making such a clear and explicit

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: