The Fed’s mission impossible

posted by
January 3, 2012
Cato Institute
by John H. Cochrane  
Posted in Commentary

"The Federal Reserve last week announced its new 'Enhanced Prudential Standards and Early Remediation Requirements' for big banks, as required by the Dodd-Frank law. You have to pity the poor Fed because it faces an impossible task." (12/29/11)

http://www.cato.org/pub_display.php?pub_id=13963  

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