Two senior Federal Reserve officials have signalled concerns the central bank’s current monetary policy stance is increasing the risk of financial instability.
Both Boston Fed president Eric Rosengren and Dallas Fed president Robert Kaplan have said the Fed’s current and projected policy rates are contributing to elevated risky asset valuations.
Kaplan also argued that the Fed’s recent asset purchases may be causing asset price risk.
The Fed reduced rates three times from July to October
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.