Canadian Investment Review

Monetary Policy Won’t Prick Bubbles: Evans

Written by Caroline Cakebread on Tuesday, March 30th, 2010 at 5:00 pm

1235835_32688160Chicago Federal Reserve President, Charles Evans has said that monetary policy is not an effective tool for pricking asset bubbles according¬†Reuters. However, says Evans, central banks with no authority to supervise banks don’t appear to have much choice. As such, regulatory reforms should give them a supervisory role to prevent future financial crises.¬†He made the comments during a speech given in Hong Kong.

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