UR Professor Goes Big Time

He's not talking to us about it, but UR professor Charles Plosser has landed a prestigious appointment that will help shape the nation's monetary policy. Plosser was named as president of the Federal Reserve Bank of Philadelphia, a spot that gives him a seat on the Federal Open Market Committee. That committee sets interest rates, which in turn control the availability of money. Here's a story about the appointment from Reuters and a lengthier piece from the Philadelphia Inquirer. Want to learn more about the Federal Reserve and how it works? Follow this link.