Bill Foster: “I view the European solution, the CoCo mechanism, as superior because it warns the banks when they are in danger of…”

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.

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.

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

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.