a lu m n i
Plosser Named Outstanding Alumnus For 2013
2013 Outstanding Alumnus Charles Plosser ’66
Federal Reserve Bank of Philadelphia President and CEO Charles Plosser ’66 has been named the 2013 recipient of Indian Springs’ Outstanding Alum Award, given annually to a graduate who has made an outstanding contribution to his or her field and community.
who holds Ph.D. and M.B.A. degrees from the University of Chicago, Plosser had two reactions to the crisis. “I found it absolutely fascinating on an intellectual level,” he says. “However, it was also stressful because there were no easy answers, and we knew how important it was to make the best decisions possible.”
Appointed president and CEO of the Philadelphia Fed in 2006, Plosser is among 12 Reserve Bank presidents who participate on the Federal Open Market Committee, which determines the nation’s monetary policy.
During and since the end of the crisis, the Birmingham native has made headlines around the U.S. and the world as he speaks to audiences about economic and public policy issues.
Plosser’s position took on even more significance when the global financial crisis hit in 2008. During the crisis and the recession that followed, he and his Fed colleagues took unprecedented actions in both monetary policy and the Fed’s lending operations to help mitigate the impact of the crisis. A former economics professor and dean at the University of Rochester’s business school
1
2
Plosser sees these speaking engagements as an extension of his earlier days in the college classroom. “I am still teaching about economics and public policy, but now I am reaching a broader audience,” he says. According to Plosser, Indian Springs laid the groundwork for the ability to teach and learn that has been the foundation of his career: “Indian Springs taught me what learning is all about and how to enjoy making it a life-long pursuit.”
3
LEGACY FAMILY RECEPTION BRINGS GENERATIONS TO SPRINGS
Springs held a Legacy Family Reception in the ISS Library before the December 13 Holiday Choir Concert and Student Art Show — bringing together families with multiple generations of Springs alumni as well as faculty and families of current students. Those in attendance included (from left) (1) Caroline Borden ’16 and her grandfather Richard Monk ’57, (2) Jane Ellis, Jim Walker ’80, Parents Association President Holly Ellis Whatley ’84, (3) Tom Gamble ’60 and Faculty Member Charles Ellis. Monk, Walker, Whatley and Gamble are among the Springs alumni with children or grandchildren who are ISS graduates or students.
18 i ndi a n
spr ings
school