Jerome H. Powell — The Federal Reserve's Framework For Monitoring Fiscal Stability

It is a pleasance to hold upwards dorsum at the Economic Club of New York. I volition laid out yesteryear briefly reviewing the outlook for the economy, together with and then plow to a word of fiscal stability. My primary bailiwick today volition hold upwards the profound transformation since the Global Financial Crisis inward the Federal Reserve's approach to monitoring together with addressing fiscal stability. Today marks the publication of the Board of Governors' showtime Financial Stability Report. Earlier this month, nosotros published our showtime Supervision together with Regulation Report. Together, these reports comprise a wealth of data on our approach to fiscal stability together with to fiscal regulation...

Mentions Hyman Minsky's sentiment on fiscal instability.

Board of Governors, Federal Reserve
The Federal Reserve's Framework for Monitoring Financial Stability

Jerome H. Powell, Chairman

See also

To our thinking, Chair Powell’s spoken language was a stroke of genius. By easing the Fed’s populace opinion on rates, he puts all the responsibleness for close term marketplace direction on President Trump’s shoulders every bit he prepares to run across Chinese President Xi at the G20….

Zero Hedge
Why Powell's Speech Was "A Stroke Of Genius"

Nicholas Colas, DataTrek