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Worry less about systemic risk, more about inflation

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Author Info
Jim Bullard

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Abstract

In his column, St. Louis Fed President Jim Bullard downplays systemic risk to the financial system, given that failures of financial institutions would no longer be a surprise. (By now, the possibility of any failure is already being priced into the market.) As the shakeout of the industry continues in a somewhat orderly fashion, policymakers need to put the fight against inflation back on the front burner.

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File URL: http://stlouisfed.org/publications/re/2008/d/pdf/president%20message.pdf
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Publisher Info
Article provided by Federal Reserve Bank of St. Louis in its journal The Regional Economist.

Volume (Year): (2008)
Issue (Month): Oct ()
Pages: 3
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Handle: RePEc:fip:fedlre:y:2008:i:oct:p:3

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Related research
Keywords: Financial risk management ; Inflation (Finance);

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