Plosser lays out four principles of sound central banking

Charles Plosser

Charles Plosser laid out his "four principles of sound central banking" in an essay published in the Federal Reserve Bank of Philadelphia's annual report for 2014 on May 11, but written before he stepped down as president in March.

The essay is largely based on a speech Plosser delivered in New York in October, but features additional reflections on the eight-and-a-half years he spent as president between 2006 and 2015.

One notable addition is his thoughts on the Fed's decision to buy mortgage

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