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A Controversial Jackson Hole Paper Has Current And Former Fed Governors On The Defensive

Sunday, August 25, 2013 - 9:07 PM
Fed Chairman Ben Bernanke and others have argued that asset purchases work by taking safe assets out of the market and therefore forcing cautious investors to take more risk.  Recently, Fed officials have worried excess risk-taking may have gone a step too far, potentially leading to dangerous asset bubbles - hence all the talk of a ‘tapering' in quantitative easing.

Arvind Krishnamurthy Jackson Hole Paper - Business Insider

ShorebreakShorebreak2,686 posts since
Apr 6, 2010
Rep Points: 14,551
1. Sunday, August 25, 2013 - 9:16 PM
So, the FED's plan worked too good, then?

MikeMike327 posts since
Feb 22, 2010
Rep Points: 876