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Two Known as Dissenters Plan to Retire From Fed

New York Times (09/23/14) Binyamin Appelbaum

Charles Plosser, president of the Federal Reserve Bank of Philadelphia since 2006, announced that he would retire in March. Richard Fisher, president of the Federal Reserve Bank of Dallas since 2005, is required to step down by the end of April.

Both men dissented at the U.S. Federal Reserve policy-making committee’s most recent meeting, arguing that the central bank is not retreating fast enough from its support program as the economy gains strength. The departures are unlikely to have a large influence on policy.