I am worried that the Federal Reserve has created a third pillar of monetary policy, that of a stable and rising stock market.
Ed Royce: “I am worried that the Federal Reserve has created a third pillar of monetary policy, that of a stable and rising stock…”
On the recordJune 21, 2016
Source
congress.govEditor's note · Context
Royce expresses concern over the Fed's focus on stock market stability.
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