I don't think it's the role of the Federal Reserve to be second-guessing asset prices, but ... it's extremely important for the (Fed) to think about how to respond to such (asset price) changes. |
It is one possible way to increase transparency. I think the key behind it is trying to provide clarity and transparency about monetary policy-making and the monetary policy process. |
Long-run price stability is crucial to achieving maximum employment and overall economic stability. |