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Plosser Says Should Set Limits On Fed Goals, Actions

A top Fed official said Nov. 14 that the U.S. Federal Reserve's mandate should be overhauled to focus primarily on price stability and it should have strict limits on its operation... More A top Fed official said Nov. 14 that the U.S. Federal Reserve's mandate should be overhauled to focus primarily on price stability and it should have strict limits on its operations to improve the working of monetary policy. Charles Plosser, president of the Philadelphia Fed, said the U.S. public had come to expect too much of the central bank after policymakers expanded their tools to deal with the financial crisis and its aftermath. Less

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