Federal Reserve Bank of Philadelphia president and chief executive officer Charles I. Plosser announced Monday he will retire effective March 1, 2015.
Plosser took the helm of the Philadelphia Fed on Aug. 1, 2006.
"For more than eight years, I have had the honor to work alongside many talented colleagues here at our Bank and throughout the Federal Reserve System during an extraordinary period in this nation's economic history. After more than three decades of economic research and teaching, this has been a unique opportunity and privilege to serve the nation," said Plosser in a statement.
"Charles Plosser has been an insightful and dedicated leader and colleague in the Federal Reserve System," said Federal Reserve Chair Janet Yellen in a statement. "I am particularly grateful for his vital contributions to the work of the subcommittee on communications. My colleagues and I will miss his keen insights, deep analysis, and good humor."
