On the recordSeptember 29, 2010
Had what you are describing been in place precrisis, what are the things that you think--the macroeconomic trends that you think you might have picked up that were not picked up by the Fed?
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congress.govHad what you are describing been in place precrisis, what are the things that you think--the macroeconomic trends that you think you might have picked up that were not picked up by the Fed?
Bennet questions the effectiveness of pre-crisis monitoring by the Fed.
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In my mind, this is a perfect example of what we are trying to get to in the conversations that we are having.
I think if we can move decision-making point down a level or two to the people that are interacting with us on daily basis, we would get a better result.
We can actually absolutely do a better job of incentivizing positive outcomes through the Conservation Reserve Program.