Trichet cautious over c bank asset price reactions

USA - People who make monetary policy should be very cautious about taking asset prices into account when they make their decisions, Jean-Claude Trichet, governor of the Bank of France, said in a speech in Chicago Tuesday.

Trichet, who is favoured by many to take over as ECB president in July 2003 said "My feeling is that we should remain extremely cautious about it, perhaps because it would be like opening Pandora's box if we started setting out key policy rates according to asset-price chang