My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...
My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank’s goal variables – output, employment, and inflation.

-Janet Yellen

Related Quotes

AdSense