Fed’s Stein: Financial Stability Fits Within Central Bank’s Dual Mandate

The Federal Reserve doesn’t need to expand its focus from its dual mandate to take financial-stability concerns into account, Fed governor Jeremy Stein said Sunday.

Fed's Stein: Financial Stability Considerations Should Influence Monetary Policy

WASHINGTON--Federal Reserve Governor Jeremy Stein on Friday said the central bank should raise interest rates when needed to prevent financial excesses from building in markets and argued the bond market may provide guidance to policy makers on when financial vulnerabilities exist.