Journal Article

Worry less about systemic risk, more about inflation

Abstract: In his column, St. Louis Fed President Jim Bullard downplays systemic risk to the financial system, given that failures of financial institutions would no longer be a surprise. (By now, the possibility of any failure is already being priced into the market.) As the shakeout of the industry continues in a somewhat orderly fashion, policymakers need to put the fight against inflation back on the front burner.

Keywords: Financial risk management; Inflation (Finance);

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2008

Issue: Oct

Pages: 3