Authors:

Rising Prices Quotes

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

"In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.