St Louis Fed's Poole on good policy practice

In a speech on 'Safeguarding good policy practice' given on 8 October, William Poole of the Federal Reserve Bank of St. Louis said central bank leadership requires at times a willingness to push hard enough to get the job done, and recognition of how hard is too hard. The central bank does not want to get itself fired through changes in law or appointments that undermine the bank's authority.

"Pushing hard enough but not too hard is obviously a dicey act at times, requiring political judgment

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