Kohn ‘deeply’ worried Fed might not have support to fight next crisis
Former Fed official discusses political implications of financial crisis after documentary screening
It is “deeply worrying” that policy-makers may not have the tools to fight the next financial crisis because of the negative reaction the Fed’s policies faced after the 2008 financial crisis, former vice-chair of the Federal Reserve Donald Kohn said on December 11.
“The tools won’t be there; it will be even harder to get the capital that could be necessary to stop a deep crisis. It will be harder for the Federal Reserve to make the loans, particularly to large banks, that might be necessary in
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