Federal Reserve Bank of Philadelphia President Charles Plosser said it may take at least 50 years to understand the financial crisis and whether the central bank responded with the right actions.
“It will be at least 50 years before we really understand very well what happened in 2008-2009, and we will be interpreting for another 50 years as to whether the Federal Reserve undertook the right policies or the wrong policies,” Plosser said today during an audience discussion at a Fed conference in Jekyll Island, Georgia.
