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Federal Reserve's Plosser, dissenter on monetary policy, to retire
Federal Reserve's Plosser, dissenter on monetary policy, to retire

Philadelphia Federal Reserve President Charles Plosser, who has pushed the central bank to move more quickly to raise its rock-bottom interest rates, said Monday he would retire on March 1. Plosser, known as an inflation hawk because of his view that the central bank must make avoiding the risk of soaring prices its top priority, has served this year as a voting member of the policymaking Federal Open Market Committee. He has dissented to the last two monetary policy statements from the committee, led by Fed Chair Janet L. Yellen, including last week's. Yellen and the majority of the committee have said rates must remain low because the labor market has not fully recovered from...

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