In an interview with CNBC this morning, Geithner makes the case for clipping the Fed's wings,...

|By:, SA News Editor

In an interview with CNBC this morning, Geithner makes the case for clipping the Fed's wings, arguing it will allow the central bank to focus "on the really important things," and that limiting the Fed's emergency authorities would ensure "they don't cause moral hazard" by creating the assumption that "the taxpayer will be there to save them from their mistakes in the future."