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FED
MNI (London)
FED: Q&A continued:
- Q: Core PCE only above 2% in recent times only during housing bubble. Worried
about another asset bubble now?
- A: Many central banks have undershot their targets, we've done better than
most. Global forces. One of the reasons we are having a review of our strategy /
tools /communications. We do consider financial stability concerns but
macroprudential/supervisory/regulatory tools are the best defense
- Q: Re today's weaker-than-expected ISM - sign that policy too tight?
- A: We see as positive and consistent from manufacturing sector, moderate
growth. Something that we are watching carefully but expect positive
contribution from manufacturing sector
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com