Ferguson on financial stability & central banking

In the speech 'Thoughts on financial stability and central banking' given on 17 April Roger Ferguson of the Federal Reserve said asset price volatility may have increased in recent years as real economic shocks have moderated, but central banks should stay focused on long-term price stability and real growth.

In the speech to a financial markets and systemic risk conference in Atlanta, Ferguson cautioned against the central bank playing a bigger role in stabilizing asset prices.

"From the Federal

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