- If inflation rises too high, fed has tools to combat it, including raising rates and selling assets.
- Fed watching carefully for reckless risk-taking in financial system, but most signs point to risk aversion.
- Fed could modify policies if excessive risk-taking emerges.
- Says research shows QE1, QE2 together trimmed unemployment rate by 1.5 percentage points.
- Says quantitative easing programs probably kept U.S. economy from falling into deflation.
RTRS headlines
