2 July 2014, 19:23  Yellen, Fed: Rates shouldn’t be main tool to ensure financial stability

- Interest rates shouldn’t change over financial stability concerns
- Macroprudential regulation needs to play the primary role in financial stability
- There may be times monetary policy should adjust to address financial stability risks, should be clearly communicated
- US still needs to tighten bank use of short-term funding
- Increased risk-taking in corporate bonds and leveraged lending could cause future problems, needs monitoring

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