Busted: Bankers and The Global Economy

November 5, 2007

Fed Concerned About Financial Markets

Filed under: banking, federal reserve, government, money, politics — Tags: , , , , , , — digitaleconomy @ 12:56 pm

“After operating for years under very favorable conditions and ample liquidity, financial markets came under stress last summer and have not yet fully recovered. This ongoing episode has reminded investors and policymakers alike that financial instability, if allowed to develop fully, could have severely negative consequences not only for the functioning of financial markets but also, importantly, for the macroeconomic prospects of our country as well as others. It is this connection with the real side of the economy that makes financial stability a central concern for me and my colleagues at the Federal Reserve and at other central banks around the world.”
~ Fed Governor Frederic S. Mishkin, November 5, 2007

Financial Instability and Monetary Policy

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