Ex-BoE's Buiter attacks Fed at Jackson Hole

Willem Buiter, a founding member of the Bank of England's Monetary Policy Committee, has panned the Federal Reserve's response to the financial turmoil.

In a paper presented at the Jackson Hole symposium, one of the most high-profile gatherings in the central banking calendar, Buiter sharply criticised the Fed's series of rate cuts as "excessively aggressive" and said the central bank had "created moral hazard in an unprecedented way".

The economist, now a professor at the London School of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account