Bernanke on Monetary Policy and the Stock Market

- Central Banking staff
- 03 Oct 2003

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In a speech on 'Monetary Policy and the Stock Market: Some Empirical Results' Ben Bernanke of the Federal Reserve said that monetary policy was not a good tool to use for deflating stock-price bubbles, because doing so might hurt the whole economy. "A major concern that I have about the bubble-popping strategy...is that attempts to bring down stock prices by a significant amount using monetary policy are likely to have highly deleterious and unwanted side effects on the broader economy."

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