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Fed's Kashkari Responds To Zero Hedge: "The Fed's Job Is Not To Protect Investors"
Former Goldmanite and current Minneapolis Fed president, Neel Kashkari, conducted another #AskNeel session on Twitter where the dovish FOMC voter (he was the only one to dissent to the Fed's rate hike decision earlier this year) received numerous questions. Among them was the following one from Zero Hedge: #AskNeel You have admitted the Fed has a "third mandate" and are worried about financial instability. What do you look at to gauge "instability" and what is the biggest S&P drop the Fed will accept before intervening Neel Kashkari @neelkashkari Our job is not to protect investors. Tech bubble bursting didn't ... (full story)
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