Philadelphia Federal Reserve President and CEO Charles Plosser was on CNBC discussing financial regulation and when the Fed is likely to allow interests rates to move to 1%.
- 0:45 Too big to fail is the biggest problem in the financial reform bill, and the more discretion the government has the more dangerous
- 1:50 Reserve banks are vital for main street banking, not just Wall Street
- 2:45 Feels the Fed needs to think about what it needs to do to get to 1%
Business Insider Emails & Alerts
Site highlights each day to your inbox.