Charles Plosser is retiring from his role as President and CEO of the Federal Reserve Bank of Philadelphia.
The 66 year old Plosser, a former dean of the University of Rochester's Simon School of Business, will retire effective next March.
Federal Reserve Chair Janet Yellen said that Plosser "has been an insightful and dedicated leader and colleague," and she says they will miss his "keen insights, deep analysis, and good humor."
Plosser has been president of the Philadelphia Fed since 2006. He was dean of the Simon School from 1993 to 2003.
Plosser has often come back to Rochester each year for the annual economic seminar hosted in part by the Simon School.
