12/09/18

Dear Bill Dudley, It's The Fed - Not Investors - To Blame For Asset Bubbles



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Dear Bill Dudley, It's The Fed - Not Investors - To Blame For Asset Bubbles
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Authored by Frank Shostak via The Mises Institute,

In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued that asset bubbles pose a serious threat to real economic activity.

The New York Fed chief is of the view that the US central bank should develop effective tools to counter this menace.

According to Dudley, it should be the ...

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