Fed’s Plosser warns of blurring institutional boundaries


Charles Plosser, president and chief executive of the Federal Reserve Bank of Philadelphia, on February 24 warned of the hazards involved in central banks taking on roles that are not rightfully theirs, such as fiscal policy.

Speaking at the US Monetary Policy Forum, held by the University of Chicago Booth School of Business in New York, Plosser said: "Once a central bank ventures into fiscal policy, it is likely to find itself under increasing pressure from the private sector, financial markets

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