Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
W S
Lending / The Ticker

Yellen: No need to change monetary policy

Despite pockets of increased risk-taking

Federal Reserve logo
/ Print / Reprints /
| Share More
/ Text Size+

In a speech on Wednesday, Federal Reserve Chair Janet Yellen said there is no need to change current monetary policy to address financial stability concerns although she sees “pockets of increased risk-taking” in the financial system. Per Bloomberg:

“Monetary policy faces significant limitations as a tool to promote financial stability,” Yellen said today at the International Monetary Fund in Washington. “Its effects on financial vulnerabilities, such as excessive leverage and maturity transformation, are not well understood and are less direct than a regulatory or supervisory approach.”

Yellen said the “primary role” should fall to a macroprudential approach, a combination of multiagency oversight, attention to bank capital and liquidity, and regulatory pressure to create buffers against failure.

Source: Bloomberg
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus