Volcker Says Fed Shouldn't Rely on a Rule to Set Policy

The transcript discusses the relevance of a 21st-century Glass-Steagall Act, the regulation of investment banks, and the role of the SEC. It suggests creating a new supervisory agency linked to the Federal Reserve to ensure unified oversight. The importance of aligning domestic and international bank regulations is emphasized. The discussion concludes with a preference for discretionary monetary policy over strict rules.

What does the speaker suggest as a solution for improving supervisory authority in banking?

Evaluate responses using AI:

OFF

What are the speaker's views on the need for consistency in bank regulations with international standards?

Evaluate responses using AI:

OFF

How does the speaker feel about the idea of a monetary policy rule for the Federal Reserve?

Evaluate responses using AI:

OFF