The "extraordinary" moves the Fed has taken to rouse the economy from its sluggishness "carry long-term risks for our economies and for central banks," Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Thursday.

Calling the moves "well intentioned," Plosser told a Cato Institute conference, it will take time before "the effectiveness of various actions" can be determined.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.