Speech

Explaining dissent on the FOMC vote for Operation Twist (with reference to Jan Mayen Island, Paul Volcker and Thor’s Hammer)


Abstract: Remarks before the Dallas Assembly, Dallas, Texas, September 27, 2011 ; \"Monetary policy cannot solve the problem of substandard economic performance unless it is complemented by fiscal policy and regulatory reform that encourages the private sector to put to work the affordable and abundant liquidity we are able to create as the nation?s monetary authority.\"

Keywords: Monetary policy; Inflation risk;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2011

Number: 95