In his speech yesterday, Fed's Plosser invoked Gretzky: "Hockey great Wayne Gretzky was once...

|By:, SA News Editor

In his speech yesterday, Fed's Plosser invoked Gretzky: "Hockey great Wayne Gretzky was once asked about his success on the ice. He responded by saying, "I skate to where the puck is going to be, not to where it has been." I believe monetary policymakers can better achieve their goals, too, if they follow the Gretzky strategy."