Their huge problem is that the American public is not willing to accept large losses for large financial institutions
Geithner's world: Time, budget and public Mar 09, 2009
This is a political warning shot. It says that Congress has a mechanism to opine about monetary policy. The fear is that every time there's a threat of higher interest rates, someone in Congress will ask for a study of the costs of higher interest rates
House panel approves Fed audits Nov 20, 2009
This is a political warning shot. It says that Congress has a mechanism to opine about monetary policy. The fear is that every time there's a threat of higher interest rates, someone in Congress will ask for a study of the costs of higher interest rates
Economic Outlook: Frustrations build Nov 20, 2009
Vincent Raymond Reinhart (born October 7, 1955) is currently Resident Scholar at American Enterprise Institute in Washington DC.
Reinhart received a B.S. from Fordham University, a M.Phil. and M.A. from Columbia University. He held several positions in the Federal Reserve Bank of New York in the 1980s, numerous senior positions in the Divisions of Monetary Affairs and International Finance in the 1990s and during the last six years of his career in the Federal Reserve as secretary and economist of the Federal Open Market Committee.
His work covers various topics of domestic and international monetary policy, such as economic bubbles, auctions of U.S. Treasury securities, alternative strategies for monetary policy and the efficient communication of monetary policy decisions. He has published in scholarly journals such as the American Economic Review, International Journal of Finance and Economics, Journal of Macroeconomics, Journal of Money, Credit and Banking, among others. His work is often cited in financial press, including Bloomberg L.P. , The Washington Post , The Wall Street Journal ,.