Issing: Yellen has said #Fed is undergoing communications revolution, but revolutions sometimes end very badly. #hooverfedconference
Levin:drop in infl. expectations in Sweden, Norway, shows pitfall of using monpol to address financial stability risk #hooverfedconference
IMF’s Levin: #Fed accountability depends on its ability to explain itself. Well. More pressers ahead for Yellen? #hooverfedconference
, May 29 (Reuters) – Kansas City Federal
Reserve Bank President Esther George said Thursday she is open
to leaving the U.S. central bank’s balance sheet big even as it
withdraws accommodation, a comment that reveals the extent of
uncertainty at the Fed over future policy.
The Fed’s balance sheet now tops $4 trillion after years of
buying bonds to boost the economy, a policy that George has
opposed for years.