Kocherlakota opposes adding financial stability to Fed's mandates

BOSTON(MarketWatch) - Adding financial stability as an explicit goal of U.S. interest-rate policy is likely to add to pubic uncertainty about U.S. interest-rate policy and the economy, said Narayana Kocherlakota, the president of the Minneapolis Fed, on Friday. Earlier at the same conference,Boston Fed President Eric Rosengren argued that financial stability should be an explicit goal for the U.S. central bank, and showed evidence in a paper that policymakers had been adjusting interest rates based on their concern for financial stability in the past. This argument of an unstated but existing ......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1JK2eqp
via IFTTT