Mishkin: 'Credibility of the Fed' Under Historic Attack
The Fed is undergoing what former central bank governor Frederic Mishkin is calling an unprecedented level of attacks caused by its inability to articulate a clear message regarding its multitrillion-dollar monetary policies.
In a CNBC interview, Mishkin said the Fed has done a poor job justifying its efforts to buy Treasurys and other securities as a way to stimulate the economy—a policy often referred to as quantitative easing.
Posted on November 22, 2010
Email
ShareSign up | Sign in
