Summary | The Federal Reserve should refrain from using
interest-rate policy to address risks to financial stability
"even as a last resort," San Francisco Fed President John
Williams said Thursday.That is because the effects of monetary
policy on financial markets and excess risk taking are highly
uncertain and potentially detrimental to the central bank's ...
interest-rate policy to address risks to financial stability
"even as a last resort," San Francisco Fed President John
Williams said Thursday.That is because the effects of monetary
policy on financial markets and excess risk taking are highly
uncertain and potentially detrimental to the central bank's ...
blogs.wsj.com | 28 May 2015