Federal Bank president: Fed may have to hike rates faster than planned

PHILADELPHIA, Jan. 3 (UPI) -- The U.S. Federal Reserve may have to raise short-term interest rates faster than expected as it winds down its economic stimulus policy, a Fed official said.

Investors to focus on speeches and reports this week

NEW YORK, Nov. 18 (UPI) -- U.S. investors were likely to pay attention to speeches Monday and watch economic reports the rest of the week to set the tone for buying and selling.
Fed 'hawks' speak up

Fed 'hawks' speak up

WASHINGTON, Aug. 16 (UPI) -- Several policymakers at the U.S. Federal Reserve said they had doubts that a new round of bond buying would give the economy a significant boost.

Fed's Lacker says rescue may prompt crisis

WASHINGTON, June 6 (UPI) -- Richmond Federal Reserve Bank President Jeffrey Lacker said the rescue of investment bank Bear Stearns in March could lead to "future crisis."

U.S. markets fall late in the day

NEW YORK, Feb. 6 (UPI) -- Recession worries coupled with inflation worries on Wall Street Wednesday driving an industrious rally back into a day of losses.

Plosser: Economy will recover without cuts

PHILADELPHIA, Jan. 8 (UPI) -- The U.S. economy will recover without any cuts in interest rates, a regional Federal Reserve president said Tuesday.

Two Fed presidents not keen on rate cut

PHILADELPHIA, Nov. 27 (UPI) -- Two U.S. Federal Reserve bank presidents both suggested they aren't favoring an additional interest rate cut at the next policy meeting in December.

Tech stocks big gainers on Wall Street

NEW YORK, Feb. 7 (UPI) -- U.S. stock indexes ended marginally up Wednesday, with technology stocks posting relatively big gains.

Washington Agenda-General

By United Press International

Washington Agenda-General

By United Press International

Washington Agenda-General News Events

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By United Press International

Charles Irving Plosser (born September 19, 1948 in Birmingham, Alabama) is the president of the Federal Reserve Bank of Philadelphia. An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr. coined. Specifically, he wrote along with Charles Nelson in 1982 an influential work entitled "Trends and Random Walks in Macroeconomic Time Series" in which they dealt with the hypothesis of permanent shocks affecting the aggregate product (GDP).

Before joining the Philadelphia Fed, Plosser was for 12 years the Dean of the William E. Simon Graduate School of Business Administration at the University of Rochester and served concurrently as the school's John M. Olin Distinguished Professor of Economics and Public Policy.

He earned Ph.D. and M.B.A. degrees from the University of Chicago in 1976 and 1972, respectively, and a bachelor of engineering degree from Vanderbilt University in 1970. He is also a graduate of Indian Springs School in Indian Springs, Alabama.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Charles Plosser."
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