From left: Mervyn King, William Dudley and Masaaki Shirakawa
The US Federal Reserve needs to develop a comprehensive framework for balance sheet policies and evaluate their costs and benefits carefully if it is to conduct quantitative easing again, three former heads of monetary institutions have said.
In a webinar on May 7, former Bank of England governor Mervyn King, former Bank of Japan governor Masaaki Shirakawa and former Federal Reserve Bank of New York president William Dudley discussed how the US central bank could buttress its independence by
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