Charles I Plosser: A perspective on the economy and monetary policy Speech by Mr Charles I Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia, to the Greater Philadelphia Chamber of Commerce, Philadelphia, Pennsylvania, 14 January 2015.
The notable levels of vulnerability in asset valuation pressures and business borrowing must be considered alongside modest vulnerabilities associated with household borrowing and the historically low levels of financial-sector leverage and funding risk.