Fed's Poole - C banks mustn't risk price stability

US - St. Louis Federal Reserve President William Poole warned on Monday that central banks should not chase economic stability at the expense of stable prices.

"Within the confines of the goal of price stability, the central bank has some flexibility to lean against fluctuations in output and employment. However, the central bank ought not to pursue the goal of stabilizing economic activity so aggressively that it runs any substantial risk of compromising the goal of price stability," Poole, w

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