Earlier the Federal Reserve’s Jeremy Stein spoke from a prepared text on the US economic outlook and monetary policy to the Money Marketeers at New York University , headlines here; now he is taking and answering audience questions:
- Fed is not responsible for minimizing market volatility
- Move to qualitative guidance on rates has virtues
- Sticking with quantitative guidance risked adopting triggers for a rate rise
- Communication shift means the Fed is getting closer to normal
Headlines via Reuters and Bloomberg
