Daniel K Tarullo: Toward an effective resolution regime for large financial institutions Speech by Mr Daniel K Tarullo, Member of the Board of Governors of the Federal Reserve System, at the Symposium on Building the Financial System of the 21st Century, Armonk, New York, 18 March 2010.
2/5  BIS central bankers' speeches  Importantly, in order to anchor short and medium-term interest rates at levels that are close to the lower bound, this portion of the curve had to be insulated from flows of news that otherwise would have entailed an unwarranted change in the monetary policy stance.