April 13

Powell: We’d rather clean up after a bubble than try to prevent one

Bank of America’s economists pull together some insights from Fed Chair Powell’s appearance on 60 Minutes this weekend. I thought this was the most interesting insight:
Most Fed officials in recent years have endorsed an “asymmetric risk management” approach to potential asset “bubbles”: if bubbles are hard to identify and manage then allow them play out, but intervene aggressively if the popping of th…

The post Powell: We’d rather clean up after a bubble than try to prevent one appeared first on The Reformed Broker.


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