There are not yet any comments on this quote. Why not register / login and be the first?
This quote is just one of 6 total Timothy Geithner quotes in our collection. Timothy Geithner is known for saying 'The plausible outcomes range from the gradual and benign to the more precipitous and damaging.' as well as some of the following quotes.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
To do otherwise would run the risk that monetary policy would be too accommodative, pulling resources from the future in a way that would alter the trajectory for the growth of the capital stock, perhaps amplifying the imbalances, and compromising the price stability.
And if all else were equal ... monetary policy in the affected countries would have to adjust in response: policy would have to act to offset these effects in order to achieve the same impact on the future path of demand and inflation.
This quote is just one of 6 total Timothy Geithner quotes in our collection. Timothy Geithner is known for saying 'The plausible outcomes range from the gradual and benign to the more precipitous and damaging.' as well as some of the following quotes.