• Dudley: Government Bailouts of Banks Are No Longer Appropriate

Market news

20 October 2016

Dudley: Government Bailouts of Banks Are No Longer Appropriate

  • There Is Huge Political Support to End Too Big to Fail

  • European, Japanese Banks Can Use Dollar Auctions, Swap Lines

  • European Banks Have Taken Down Their Dollar Books of Business

  • Squeeze on European, Japanese Banks in Dollar Funding Markets 'Not a Problem at This Juncture'

  • We're Making Progress on Insulating Banking System From Large Firm Failures

  • Probability of Big Bank Failure Is Much Lower Today Than It Was a Decade Ago

  • 'I Don't Think We Have Any Problems Here in the U.S. in Terms of Monetary Policy Being Politicized'

  • Debate Over Central Bank Policy Being Politicized Is 'Non-Issue' in U.S.

  • Put More Weight On Fed Chair's Speeches Than Other Fed Speakers

  • Some Fed Speakers 'Are More Important Than Others,' Namely The Chair

  • Market Participants Need the Ability to 'Think Along With the Fed'

  • Monetary Policy Transparency Today Is a Lot Better Than it Used to Be

  • Wells Fargo Issues Underscore 'We Have a Lot More Work to Do'

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