Chicago Fed Pres: Monetary Policy Criticized

8:15 AM ET Tue, 30 Aug 2011

Bank regulations currently in place have been a good tool to prevent a credit policy whereas monetary policy isn't the only effort to supervise banks, says Charles Evans, Federal Reserve Bank of Chicago. He says the Fed is criticized because monetary policy isn't effective enough to do anything but on the other hand it is effective enough to push oil prices to $100; with CNBC's Steve Liesman.