Speech

Lessons learned, convictions confirmed

Abstract: \"In theory, the Fed's monetary policy and regulatory functions are separate. In practice, they are anything but--rather, it is a symbiotic relationship. The past two years have highlighted the interconnections of monetary and regulatory policy: Monetary policy depends upon regulation that ensures the soundness of financial institutions.\" ; Remarks before the Council on Foreign Relations, New York City, March 3, 2010.

Keywords: Financial crises; Financial markets; Regulation; Federal Reserve System - Independence;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2010

Number: 27