05-11-2026
The path to an improved monetary policy for the United States is to resolve the tension between theory and practice more effectively, Jim Bullard, the Daniels School’s Dr. Samuel R. Allen Dean, said recently at the Center for Financial Stability in D.C. Bullard was speaking to fellow Shadow Open Market Committee (SOMC) members and others on the work and leadership of Charles Plosser.
The SOMC meeting focused on the legacy of Charlie Plosser, who served as president and CEO of the Federal Reserve Bank of Philadelphia from 2006 to his retirement in 2015. The distinguished macroeconomist passed away in August 2025.
Bullard presented on Plosser and monetary policy rules in the third session (starting around 4:48), titled “The Fed's Statutory Mandate and Policy Framework.”
Explore all videos and presentations from the April 10 “Approaches for Strengthening the Federal Reserve’s Effectiveness: Building on the Legacy of Charles I. Plosser (1948-2025)” SOMC meeting.
