Philadelphia Fed President Charles Plosser tells the bank's policy forum of two lessons he's...

|By:, SA News Editor

Philadelphia Fed President Charles Plosser tells the bank's policy forum of two lessons he's learned from the crisis: Moral hazard and too-big-to-fail continue to loom large. And regulators aren't perfect, so excessively stifling the market with regulation will fail; market discipline must be made more effective. (earlier this week)