Ex-Fed staff divided on leaning against the wind

Four former senior Federal Reserve officials have offered four differing slants on one of the most hotly-debated topics in central banking.

Alice Rivlin, a former vice-chairman of the Fed; Frederic Mishkin, a former governor at the Fed; Dino Kos, a former executive vice president of the New York Fed's markets group; and Marvin Goodfriend, a former senior vice president at the Richmond Fed, gave their view on whether central banks should lean against the wind and raise rates to counter asset

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