As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
More Quotes from Timothy Geithner:
Monetary policy itself cannot sensibly be directed at reducing imbalances.Timothy Geithner
The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.
Timothy Geithner
We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.
Timothy Geithner
Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Timothy Geithner
To do otherwise would run the risk that monetary policy would be too accommodative, pulling resources from the future in a way that would alter the trajectory for the growth of the capital stock, perhaps amplifying the imbalances, and compromising the price stability.
Timothy Geithner
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Based on Topics: Past QuotesBased on Keywords: broaden, deepen, formulation, monetary
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