Not only won't giving the Fed new powers as systemic risk regulator reduce systemic risk,...

|By:, SA News Editor

Not only won't giving the Fed new powers as systemic risk regulator reduce systemic risk, Stanford economics professor John Taylor says, it could make things worse. It's only a matter of time, he argues, before the Fed - whose independence is already cloudy - will allow its new oversight over the nation's most powerful institutions to shape monetary policy.