Low interest rates might worsen asset bubbles, Fed's Yellen says

10/12/2010 | Reuters

Even if low interest rates aren't the principal cause of asset bubbles, they might encourage irresponsible risk-taking, said Janet Yellen, vice chairwoman of the Federal Reserve. "It is conceivable that accommodative monetary policy could provide tinder for a buildup of leverage and excessive risk-taking in the financial system," she said.

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