Don’t give the Fed a new job

us-moneyA debate is under way as to whether the Federal Reserve should be given more oversight powers to monitor risk in the U.S. banking system, as the Treasury secretary has proposed.  Former Fed examiner Mark T. Williams, who teaches finance in the School of Management, says the Fed doesn’t deserve and can’t handle any new responsibilities.  In a Reuters commentary, Williams says creating an independent Systematic Risk Oversight Board would be a smarter move.

Contact Mark T. Williams, 617-358-2789, williams@bu.edu

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