Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Volcker: Central Banks Are Too Aggressive

Monday, April 8, 2013 - 5:38 PM
"Central banks are no longer central banks," said Volcker. "I think it gets dangerous when they lose sight of the basic function of the central bank."
ShorebreakShorebreak2,700 posts since
Apr 6, 2010
Rep Points: 14,633
1. Monday, April 8, 2013 - 9:47 PM
Central banks, including the Fed, could eventually inflict more harm by "what they're doing with their portfolio to save the world economy," said Volcker speaking alongside Sir John Vickers, the chair of the U.K.'s independent commission on banking, at NYU Stern School of Business early Monday.

I find it somewhat interesting the words that are in quotes and the words that are not in quotes in the above paragraph. 
Ally6770Ally6770943 posts since
Jan 16, 2010
Rep Points: 2,742