Austan Goolsbee, Interview: WSJ (Transcript)
Page(s): 6
“To the extent that financial stability goals that banks are going to be conserving capital and raising lending standards and whatever to stabilize their financial positions, that’s perfectly dovetailing with the monetary policy goals. And so that’s why I think it’s worth—it’s not, I will hesitate. The word “pause” is super loaded…so I’m not going to use the word pause. But that’s why being more open to observing and going slower than normal I think is justified just on the uncertainty grounds.”