Bob Rubin Has a Fuzzy Critique of Janet Yellen's Fed

Rubin Photograph by Peter Foley/Bloomberg

Robert Rubin contributed to systemic risk as a deregulatory Treasury secretary and later as a top Citigroup executive. Now he has warned the Federal Reserve about it. In an op-ed article (paywall) written with Harvard economist Martin Feldstein (President Ronald Reagan’s chief economic adviser) and published on Tuesday in the Wall Street Journal, Rubin said it’s “imperative” that the Fed have “a realistic view of the breadth of the possible systemic risks and of the tools that are available to deal with such risks.”

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