Time to revamp the Fed’s flawed mandate

November 23, 2010 at 3:40 pm Leave a comment

Stephen roach wrote a good article in FT arguing why dual mandate is flawed and a new mandate to maintain financial stability has to be wired in.

QE2 will either push current account deficit of US higher,adding to the imbalance, or create asset bubbles in other countries or spark currency wars and even protectionism.

http://www.ft.com/cms/s/0/bd8e8e04-f667-11df-846a-00144feab49a.html#axzz165XoXQsU

Entry filed under: Watch your step. Tags: .

Paradigm Lost Destination Inflation:China

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