(Reuters) - WALTHAM, Massachusetts, June 15 - Central banks
should be prepared to respond to events that could have
systemic risks but should not try to "prick" asset bubbles with
tighter monetary policy, San Francisco Federal Reserve
President Janet Yellen said on Friday.
"It is exceptionally difficult to distinguish 'bubbles'
from fundamental-based booms and monetary actions impose
certain short-run costs for very uncertain future gains,"
Yellen said in comments prepared for a panel discussion at
Brandeis University's International Business School.
Read more at Reuters.com Bonds News
should be prepared to respond to events that could have
systemic risks but should not try to "prick" asset bubbles with
tighter monetary policy, San Francisco Federal Reserve
President Janet Yellen said on Friday.
"It is exceptionally difficult to distinguish 'bubbles'
from fundamental-based booms and monetary actions impose
certain short-run costs for very uncertain future gains,"
Yellen said in comments prepared for a panel discussion at
Brandeis University's International Business School.
Read more at Reuters.com Bonds News
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