David Malpass - The Fed should make a clear commitment to stable money to reduce the swings

The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.

- David Malpass

topic: Powerful, Commitment, Swings, Financial Regulation