Fed Wants To Regulate Asset Bubbles
Read the full article: http://www.money-rx.com/blog/2008/05/fed-asset-bubble-party-...
In a series of comments by Federal Bank Governors, they have let it be known that preventing buildups like the dotcom and housing bubbles may become a priority for the Fed. Ft.com report says that the Treasury recommends giving the Fed wide authority to require financial institutions to alter behaviour that it believes poses a threat to financial stability.
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