* * * Thank you to the institute for the opportunity to speak to you. Today my goal is to explain my outlook for the U.S. economy as well as how that perspective shapes my views on the appropriate approach to monetary policy. 1 I have three points I would like you to take away from my comments.
"Financial Instability and the Federal Reserve as a Liquidity Provider", speech delivered at the Museum of American Finance Commemoration of the Panic of 1907, New York, October 26. Mishkin, Frederic S. (2007b). The Economics of Money, Banking, and Financial Markets, 8th ed. Boston: Addison-Wesley. Mishkin, Frederic S. (2007c).