Tags: donald | kohn

Kohn: Worth Taking Our Time Over Reform

Friday, 23 Oct 2009 02:01 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

CHATHAM, Mass -- Officials should take their time with regulatory reforms to make sure that they "get it right" and find a lasting solution, Federal Reserve Vice Chairman Donald Kohn said on Friday.

"I hope we build a regulatory structure that is good for a couple of decades. I think it is worth taking our time to get it right, rather than moving quickly," Kohn said in response to a question after speaking on a panel at the Boston Fed's annual conference in Cape Cod.

Kohn said he would be worried if he thought the impulse for reform was dissipating because markets were getting better, but added that he did not think this was the case.

"Everybody recognizes we came through a terrible period," Kohn said.

In response to an audience question, Kohn said he would not want to have a financial stability remit added to the Fed's monetary policy mandate, but would want it to be kept separate.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved