School News

John Williams, President of the Federal Reserve Bank of San Francisco, explains why he believes the Federal Reserve should not tie its policy-making to a single rule during a talk hosted by Stern's Center for Global Economy & Business

Excerpt from Reuters -- "'I favor an eclectic approach, recognizing that policy is always made with a high degree of uncertainty and one shouldn't place all their bets on one approach,' he said at the NYU Stern School of Business. 'While I understand the impetus behind wanting a single rule to follow, it's just not ready for prime time.'"

Read more

Additional coverage appeared on MarketWatch and Reuters.