# In a live interview, Professor Michael Spence discusses Federal Reserve monetary policy

1 Faculty News September 20, 2019 ![Bloomberg Businessweek logo](/sites/default/files/styles/246w/public/assets/images/con_030600.jpg?itok=kQEwfteb)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/videos/2019-09-20/nobel-laureate-spence-agrees-with-dudley-says-fed-can-handle-repo-market-video) -- "If you look back over history, we get occasional dislocations, which are basically liquidity crunches in the financial system, and the Fed has demonstrated, yesterday and on other occasions, a capacity to deal with it..."

[Read More](https://www.bloomberg.com/news/videos/2019-09-20/nobel-laureate-spence-agrees-with-dudley-says-fed-can-handle-repo-market-video)