Ben Bernanke Finally Hires an Asset Bubble Buster: Jeremy Stein
Filed under: Economic Indicators, Federal Reserve, Government Spending, Economy
“What factors lead to overheating episodes in credit markets?”
This was one of the opening lines of a speech given Thursday at the Federal Reserve Bank of St. Louis by Jeremy Stein, a Federal Reserve Governor brought on board just last year. And his talk may mark a sea change in how the Federal Reserve thinks about, approaches, and responds to asset bubbles.
Live and Let Pop
Not long ago, the Federal Reserve didn’t feel it had any business trying to deflate asset bubbles — those weapons of…
Ben Bernanke Finally Hires an Asset Bubble Buster: Jeremy Stein originally appeared on DailyFinance.com on 2013-02-08T16:27:00Z.
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