The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems.
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"The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems." — David Malpass #moneywealth
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The Fed should make a clear commitment to stable money to reduce the swings in interest rates…
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The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but don't fix the underlying problems. — David Malpass
About David Malpass
David Malpass was a Economist from United States (1956–present).
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Who said "The Fed should make a clear commitment to stable money to reduce the swings in…"?
This quote is attributed to David Malpass, a Economist from United States.
When did David Malpass live?
David Malpass lived from 1956 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.