Keeping interest rates near zero for too long may result in "financial imbalances and instability" that increase rather than decrease unemployment, according to Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George.
Fed's George: Accommodative Policy Can 'Aggravate' Jobless Rate
JAN 10, 2013 1:10pm ET
You must be registered to post a comment. Click here to register.
Already registered? Log in here
A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
the bond buyer conferences
May 1- 2, 2014Hyatt Regency, Baltimore, MD
The Roosevelt Hotel, New York, NY