19 Jul 2013
Flash: Ben Bernanke: Monetary dove, regulatory hawk – BAML
FXstreet.com (London) - Alexandra Fletcher, Communications and Media Relations, BofA Merrill Lynch Global Research notes the stance the fed has in relation to it s monetary goals.
Key Quotes:
“Fed Chairman Bernanke noted that one of the key lessons of recent experience is that "a central bank must take into account risks to financial stability if it is to help achieve good macroeconomic performance."
“The Fed now sees its responsibilities for the maintenance of financial stability as coequal with its monetary policy goals”.
“The practical application of this lesson in the current context is that the Fed continues to pursue an aggressive approach to financial regulation and macroprudential supervision in an effort to guard against financial instability, even as it maintains an extraordinarily accommodative monetary policy in an effort to fulfill its dual monetary policy objectives”.
Key Quotes:
“Fed Chairman Bernanke noted that one of the key lessons of recent experience is that "a central bank must take into account risks to financial stability if it is to help achieve good macroeconomic performance."
“The Fed now sees its responsibilities for the maintenance of financial stability as coequal with its monetary policy goals”.
“The practical application of this lesson in the current context is that the Fed continues to pursue an aggressive approach to financial regulation and macroprudential supervision in an effort to guard against financial instability, even as it maintains an extraordinarily accommodative monetary policy in an effort to fulfill its dual monetary policy objectives”.