Speech

Responding to turbulence (with reference to Bob Dylan, Alan Brooke, Washington Irving, Anna Fisher and Marcus Nadler)


Abstract: \"The problem that has been ailing capital markets and, by extension, the economy has not been the fed funds rate. It has been and remains risk aversion and uncertainty about counterparty risk and capital adequacy.\" ; Remarks before the Money Marketeers of New York University, New York City, September 25, 2008.

Keywords: Monetary policy; Financial crises; Federal Open Market Committee; Federal Reserve System;

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Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2008

Number: 18