In Volcker's speech this morning, he also warned against neutering the Fed: "The Fed should not...

|By:, SA News Editor

In Volcker's speech this morning, he also warned against neutering the Fed: "The Fed should not become an academic seminar debating in its marble palace various approaches toward monetary policy without the leavening experience of direct contact with, and responsibility for, the world of finance and the institutions through which monetary policy is effected."