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He contends, however, that securities regulators were free to take action sooner if they wanted.
"We have to take action sooner or later," Mr. Storm said.
The summary of the trustees' reports puts it this way: If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare.
"If their progress is stopped because we developed countries didn't do things that we could have, it adds a huge moral imperative to take action sooner rather than later on climate change".
As Congress begins hearings this week on the recall of 6.5 million Firestone tires, questions will be raised about why the National Highway Traffic Safety Administration didn't take action sooner against Firestone and the Ford Motor Company over tire blowouts and resulting rollovers of Ford Explorers.
On Tuesday, Plosser said that higher inflation means the Fed needs to take action sooner rather than later to hike short-term interest rates.
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Some colleagues have said they regret not taking action sooner.
But the logic for taking action sooner rather than later is powerful.
Critics are now rounding on the company for not taking action sooner to protect its customers.
Most condemned Russian officials for not taking action sooner and for waiting to accept help from abroad.
Neden, regional president at G4S, said repeatedly: "If we had known then what he had known now, we would have taken action sooner".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com