Complex sentence: Charles Irving Plosser (born September 19,1948 in Birmingham, Alabama) is the president of the Federal Reserve Bank of Philadelphia and an academic macroeconomist well known for his work on real business cycles, a term which he and John B. Long, Jr. coined.
Split into simpler sentences: Charles Irving Plosser (born September 19,1948 in Birmingham, Alabama) is the president of the Federal Reserve Bank of Philadelphia. An academic macroeconomist, he is well known for his work on real business cycles, a term which he and John B. Long, Jr. coined.