Donald Kohn
Donald Kohn
Donald Lewis Kohnis an American economist who served as the former Vice Chairman of the Board of Governors of the Federal Reserve System. He is considered a moderate dove on monetary policy. He retired after 40 years at the central bank in September, 2010 and currently serves on the Financial Policy Committee for the Bank of England and as a Senior Fellow at the Brookings Institution ...
accomplish apparent demand focused given inflation margin needed policy remain strength sure unused
At this juncture, given the apparent strength in demand and the narrowing margin on unused resources, I am focused on making sure that inflation and inflation expectations remain well anchored. I do not know how much policy firming will be needed to accomplish this objective.
concluded downside endured existence experience five investors last might monetary states stock united whatever
Whatever might have once been thought about the existence of a 'Greenspan put,' stock market, investors could not have endured the experience of the last five years in the United States and concluded that they were hedged on the downside by asymmetric monetary policy.