Fed's Mishkin on house prices in monetary policy

In the speech 'The role of house prices in formulating monetary policy' given on 17 January Frederic Mishkin of the Federal Reserve said the Fed should not get involved with trying to burst or even slow the growth of housing bubbles because it would lose credibility with the public and make it harder to do its job.

"Monetary policy makers should restrict their efforts to achieving their dual mandate of stabilizing inflation and employment, and should not alter policy to have preemptive effects on

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.