William Poole to Speak at Cato Institute
U.S. Newswire, November, 2007
To: POLITICAL EDITORS
Contact: Jacob Grier, manager of media relations of Cato Institute, 1-202-789-5200, jgrier@cato.org
Federal Reserve Bank of St. Louis President will address risks of market bailouts
WASHINGTON, Nov. 29 /PRNewswire-USNewswire/ -- Do Federal Reserve monetary policy actions serve to bail out the markets? To the extent that such bailouts occur, do they raise moral hazard issues? These are the questions Federal Reserve Bank of St. Louis President William Poole will address tomorrow in a forum hosted by the Cato Institute.
Federal Reserve actions have been criticized for creating a potential expectation of bailouts, leading Wall Street to call for interest rate cuts when market performance does not meet expectations. In "Market Bailouts and...
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