FSOC's comprehensive view of the financial system is critical because systemic risks rarely develop in ways that fall entirely within the jurisdiction of a single agency.
Bill Foster: “FSOC's comprehensive view of the financial system is critical because systemic risks rarely develop in ways that fall…”
Editor's note · Context
Emphasizing the importance of FSOC for identifying systemic risks.
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This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.
I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.





