U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that central banks may need to resort to monetary policy to combat asset bubbles, although regulation should be a first line of defense.
"The possibility that monetary policy could be used directly to support financial stability goals, at least on the margin, should not be ruled out," he said at a conference at the Boston Federal Reserve Bank.
CONTRA EL PINGALISMO CASTRISTA/ "Se que no existe el consuelo que no existe la anhelada tierrra de mis suenos ni la desgarrada vision de nuestros heroes. Pero te seguimos buscando, patria,..." - Reinaldo Arenas
miércoles, octubre 19, 2011
#OWS and the best of Bernanke: Fed may need to pop asset bubbles
As in the asset bubbles that the Bernanke's Fed policy has created?
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