Risk USA: Rate cuts do not “bail out Wall St”

Speaking at the annual Risk USA conference in New York, Fed governor Frederic Mishkin insisted recent actions taken by the US central bank, including interest rate cuts of 75 basis points over the past two months, were designed to buoy the national economy, not to provide an unwarranted respite for investment banks that suffered record writedowns over the third quarter.

“Pursuing such policies does help financial markets recover from episodes of financial instability, and so it can help lift

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here