Quick post here. In a post last week, I mentioned a speech Fed Governor Lael Brainard made on financial stability. And the key takeaway from that speech for me was that the Fed doesn't see rate policy as the correct conduit to maintain financial stability. Not once did Brainard talk about raising interest rates to ensure the integrity of the payments system. But she did talk about capital buffers. And I think that's significant.
Remember dual-barrelled tightening?
If you think back to when the...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.