Fed's Fisher warns macro-prudential ‘Maginot Line' will not keep out another crash

Time to start watering down the punch, Dallas Fed president says

fisher

Dallas Fed president Richard Fisher yesterday told an audience at the University of Southern California in Los Angeles he is sceptical that macro-prudential supervision can "safeguard us from financial stability" – comparing steps taken since the financial crisis to the Maginot Line defence built by France after the First World War, which failed to deter a German invasion two decades later.

He said "hyper-accommodative monetary policy" is the root cause of an "everything boom", endorsing 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 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

Most read articles loading...

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

.