Worry less about systemic risk, more about inflation

James Bullard

The Regional Economist, 2008, issue Oct, 3

Abstract: In his column, St. Louis Fed President Jim Bullard downplays systemic risk to the financial system, given that failures of financial institutions would no longer be a surprise. (By now, the possibility of any failure is already being priced into the market.) As the shakeout of the industry continues in a somewhat orderly fashion, policymakers need to put the fight against inflation back on the front burner.

Keywords: Financial risk management; Inflation (Finance) (search for similar items in EconPapers)
Date: 2008
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