Yellen says Fed should not target asset bubbles

San Francisco Fed President Janet Yellen said on Friday 21 October that the Federal Reserve's interest rate policy should not target asset bubbles such as the U.S. housing market.

"Monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables -- output, employment and inflation," she said in remarks at a University of California at Berkeley event in San Francisco.

Dealing with asset price bubbles "is one of the few policy

To continue reading...

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 indvidual account here: