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NY Fed’s Dudley: Expanded Monetary Base was to Transfer Long-Term Risk from Private Sector

William_C._Dudley

UPDATED 22 May 09:15 The New York Federal Reserve President made some suprising comments at a talk at the Japan Society.  Among other things, he revealed that the Fed balance sheet expanded as a by-product of transferring private long-term risk

Posted in Japan, Monetary Policy, New York Fed Tagged with: , , , ,