NEW YORK--(BUSINESS WIRE)--The Federal Reserve’s reach has never been greater, according to Wall Street legend Henry Kaufman, yet this is an ironic result of the central bank’s own “failure to understand the monetary policy implications of structural change in financial markets.” Speaking to a large assemblage at the Foreign Policy Association today, the noted economist described several “tectonic shifts” currently reshaping the financial and economic landscape. “Nostalgia is a powerful draw,”
| < Prev | Next > |
|---|
