Former Fed staff offer mixed reactions to AIT; most call for more refined communication
Covid-19 could act as a catalyst for Yellen-backed move to adopt elements of price-level targeting
He advocates clear objectives, systematic rules, open communication and stable independence
Background includes academic posts and a spell on the Philadelphia Fed board
Peter Conti-Brown presents his paper before Charles Plosser responds
Bill could expose monetary policy decisions to political interference
Philadelphia Fed publishes ‘special report’ on the topic
Distinguishing transitory from permanent changes in growth and interest rates is ‘tricky task'
Philadelphia Fed president advocates constrained discretion
Vocal critic of unconventional monetary policies to leave FOMC in March 2015
FOMC unveils principles for policy ‘normalisation' as calls for rate hike grow louder
Plosser does not want to delay rate hike until job market has ‘completely healed'
Philadelphia president's vote marks first hawkish dissent of Yellen era
Philadelphia Fed president calls for tighter limits on Fed power
Philadelphia Fed president discusses forward guidance at Council on Foreign Relations
FOMC member wants to make it easier for market participants to gauge regulatory behaviour
The Fed's responsibility is to get the US economy back on course, say Plosser and Fisher
Philadelphia Fed president and FOMC member who voted for the Fed's ‘measured' $10bn taper in January reiterates earlier calls to scale back QE at ‘faster pace'
Presidents of four regional reserve banks at odds over whether weak trajectory in wake of the financial crisis is inherently structural or cyclical
Five of 12 regional Fed presidents have staked out their positions on bank's asset purchases in recent days as FOMC gears up for next meeting on December 17
Jerome Powell defends forward guidance on asset purchases after fellow FOMC member Plosser says September decision undermined its credibility; Eric Rosengren lays out communication challenges
Sandra Pianalto dismisses concerns over labour force participation and argues economic data was and is strong enough to warrant taper; Charles Plosser says Fed has damaged its credibility
Dallas Fed’s Fisher says the FOMC is nearing ‘execution mode’ on the back of improving employment figures; Philadelphia Fed’s Plosser wants ‘brighter line’ between monetary and fiscal policy
Federal Reserve Bank of Philadelphia president Charles Plosser is bullish on the US labour market, calls for QE wind-down