Federal Reserve Bank Presidents
Charles I. Plosser
Federal Reserve Bank of Philadelphia
Dr. Plosser took office on August 1, 2006, as the tenth chief executive of the Third District Federal Reserve Bank, at Philadelphia. In 2014, he serves as a voting member of the Federal Open Market Committee.
Dr. Plosser was born in September 1948 in Birmingham, Alabama. He earned an M.B.A. and a Ph.D. from the University of Chicago in 1972 and 1976, respectively.
Dr. 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 also served as dean from 1993 to 2003. He was also the Fred H. Gowen Professor of Economics and Finance at the school. In addition, he acted as a senior research associate at the Rochester Center for Economic Research in the University's College of Arts and Science and is a research associate at the National Bureau of Economic Research in Cambridge, Massachusetts.
Prior to Rochester, Dr. Plosser was an assistant professor of business economics at the Stanford University Graduate School of Business and a lecturer in economics and econometrics at the University of Chicago Graduate School of Business. Recently, he served as a visiting scholar at the Bank of England and the Federal Reserve Bank of Minneapolis.
Dr. Plosser co-chaired the Shadow Open Market Committee, a nationally recognized group of economists, which monitors and comments on U.S. economic policy.
His research and teaching interests include monetary and fiscal policy, long-term economic growth, and banking and financial markets. During his career, his articles have appeared in numerous leading economic journals. He was co-editor of the Journal of Monetary Economics for more than two decades and continues to co-chair the advisory board of the Carnegie-Rochester Conference Series on Public Policy.
Dr. Plosser has served as a consultant to numerous companies, including Chase Manhattan Bank, the Eastman Kodak Company, and the Wyatt Company. 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 served on advisory boards of the Rochester New Enterprise Forum, Chase Manhattan Bank, and the University Technology Seed Fund, LLC. Additionally, he was chairman of the Graduate Management Admission Council (2002-2003), where he served as a director from 1997 to 2003.
His memberships include Tau Beta Pi, the national scholastic honor society for engineers; Beta Gamma Sigma, an honor society for collegiate schools of business; the American Economic Association; American Finance Association; and the Econometric Society.
Philadelphia -- Third District
- Head office at Philadelphia, Pennsylvania.
Covers the state of Delaware; nine counties in southern New Jersey; and 48 counties in the eastern two-thirds of Pennsylvania.