Fed's Ferguson on asset price levels & volatility

In the speech 'Asset price levels and volatility: Causes and implications' given on 15 November Roger Ferguson of the Federal Reserve said the reduced volatility seen in overall economic activity since the mid-1980s does not seem to have carried over into prices for assets.

In remarks to a Bank of Mexico conference in Mexico City, Ferguson said that as a result policy-makers now have to pay much closer attention to prices for assets, since changes can affect behavior significantly.


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