Bill Foster: “The systemic risk probably is not there if that is what we are worried about.”

If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…

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.

The good news is that macroeconomic policy is working as designed.