Charles I. Plosser

Visiting Fellow
Biography: 

Charles I. Plosser served as the President and CEO of the Federal Reserve Bank of Philadelphia from 2006 until his retirement in 2015.

In his position he served as a member of the Federal Open Market Committee, which is responsible for U.S. monetary policy. During this period the world experienced a global financial crisis and a severe recession, requiring extraordinary action by monetary policymakers. He also served during a time of dramatic change in the activities of the Federal Reserve Banks including their role in financial services and the payments system as well as bank supervision. Among many other duties, he chaired the Committee on Investment Performance, which was responsible for oversight of the entire Federal Reserve System’s employee pension and thrift funds.

Prior to joining the Federal Reserve, Plosser was the John M. Olin Distinguished Professor of Economics and Public Policy and director of the Bradley Policy Research Center at the University of Rochester’s William E. Simon Graduate School of Business Administration where he served as Dean from 1993 to 2003. In 2004 he was a visiting scholar at the Bank of England. He is also a Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts. Over the years, Plosser has lectured to academic and business audiences worldwide on topics ranging from management education to economics and public policy issues. Prior to his public service at the Federal Reserve he also served as a consultant to numerous corporations on topics ranging from strategic planning and forecasting to portfolio and pension fund management, capital budgeting, and financial analysis. He was a member of the New York State Board of Economic Advisors and has served on the board of directors of ViaHealth, Inc. and RGS Energy Group, Inc. He has also served on the Advisory Board of the University Technology Seed Fund, LLC. In addition, he served as a director of the Graduate Management Admission Council from 1997 to 2003 and served as chairman of the board from 2002 to 2003.

Since January 2016, Plosser has served as a Public Governor for FINRA, the Financial Industry Regulatory Authority, where he serves on the Investment Committee and the Finance, Operations and Technology Committee.

Plosser earned his Ph.D. and M.B.A. degrees from the University of Chicago in 1976 and 1972 respectively. He is a 1970 graduate of Vanderbilt University where he earned a bachelor of engineering degree (cum laude with honors) and a member of Tau Beta Pi (National Scholastic Honor Society for Engineers). 

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Interviews

75 Basis-Point Move Needs To Stay On The Table: Charles Plosser

interview with Charles I. Plosservia Bloomberg Markets and Finance
Wednesday, May 4, 2022

Hoover Institution fellow Charles Plosser discusses the Fed raising interest rates by 50 basis-points, what can be done to lower inflation, and the possibility of a recession in the US economy.

In the News

Trio Of Former Fed Officials Lament Central Bank’s Actions, See Good Odds Of Recession

quoting Charles I. Plosservia The Wall Street Journal
Friday, April 29, 2022

[Subscription Required] ‘Almost zero’ chance of central bank achieving soft landing, former New York Fed president says.

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Federal Reserve Independence: Is it Time for a New Treasury-Fed Accord?

by Charles I. Plosservia Economics Working Papers
Thursday, March 10, 2022

Economics Working Paper 22104

Interviews

Charles Plosser: Inflation Will Be Aggravated By Rising Commodity Prices, And Here's What Fed Can Do

interview with Charles I. Plosservia CNBC
Wednesday, March 2, 2022

Hoover Institution fellow Charles Plosser discusses what the Federal Reserve can do to curb inflationary pressures and he also talks about President Biden's comments on the supply chain.

Interviews

Charles Plosser: Former Philadelphia Fed President On Fed Outlook

interview with Charles I. Plosservia Bloomberg
Wednesday, December 15, 2021

Hoover Institution fellow Charles Plosser discusses the Fed meeting as the central bank speeds up the drawdown of its asset-purchase program.

Interviews

Charles Plosser On Powell’s Renomination

interview with Charles I. Plosservia CNBC
Monday, November 22, 2021

Hoover Institution fellow Charles Plosser discusses Biden’s decision to renominate Jerome Powell as Fed chair.

In the News

The Pressure Is On For Powell And The Federal Reserve To Manage The Exit From Ultra-Easy Policies

quoting Charles I. Plosservia CNBC
Thursday, August 26, 2021

For the Federal Reserve, implementing the easiest monetary policy in the institution’s history was tough enough. Getting out will be no treat, either.

Federal Reserve
Interviews

Former Philadelphia Fed Chief Charles Plosser On What To Expect From Fed’s Jackson Hole Meeting

interview with Charles I. Plosservia CNBC
Wednesday, August 25, 2021

Hoover Institution fellow Charles Plosser breaks down the news he expects to come out of the Fed’s Jackson Hole summit.

Interviews

Charles Plosser: Former Philadelphia Fed President Plosser On Economy Policy

interview with Charles I. Plosservia Bloomberg
Thursday, July 29, 2021

Hoover Institution fellow Charles Plosser discusses the high inflation in the US and the implications for monetary policy.

The Fed’s Risky Experiment

by Charles I. Plosservia Economics Working Papers
Friday, June 18, 2021

Economics Working Paper 21116

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