Pianalto says financial regulation should learn from monetary policy transparency
Sandra Pianalto, president of the Federal Reserve Bank of Cleveland, on Friday told an audience in Washington that the responsibility to "promote the financial stability of the United States", recently mandated under the Dodd-Frank Act, can become more specific over time if it follows the way the Federal Open Market Committee (FOMC) has made monetary policy more transparent over time.
Pianalto harked back to when she joined the Cleveland Fed 30 years ago, a time when "central bankers around the
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