Fed official says regulatory revamp could hinder central bank

07/28/2009 | Wall Street Journal, The

Charles Plosser, head of the Federal Reserve Bank of Philadelphia, said the Fed's efforts on battling inflation could be hindered by the Obama administration's proposals to overhaul financial regulation. "You don't want an institution that is so heavy into other things that it fails to do its appropriate role on the monetary-policy piece," Plosser said.

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Wall Street Journal, The