Thus, it will always be important for the Federal Reserve to maintain its integral role in the regulation of the financial system not only for the visibility this provides into the economy, but precisely in order to calibrate the sorts of relationships we have been talking about today.
6 / 10  BIS central bankers' speeches  7 / 10  BIS central bankers' speeches  8 / 10  BIS central bankers' speeches  1 The views I express here are my own and not necessarily those of the Federal Reserve Board or the Federal  Open Market Committee.