Fed's Kohn on financial markets

In a speech given on 27 August Donald Kohn of the Federal Reserve defended the central bank's practice of signalling interest rate moves, saying less-clear statements may hurt the economy.

``Such policies would result in less accurate asset pricing, reduce public welfare on balance, and definitely be at odds'' with the record of Fed Chairman Alan Greenspan, Kohn said in the speech.

Kohn said that ``some analysts are concerned'' that the Fed's policy is ``setting up the financial markets and the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact in[email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: