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Fed Should Be Last, Not First, Line of Defense for Stressed Markets - Daly

US
  • Daly: Without Reforms, Fed May Have to Intervene Frequently to Aid Markets
  • Daly: Fed Should Be Last, Not First, Line of Defense for Stressed Markets
  • Daly: Frequent Fed Market Interventions Are Costly
  • Daly: Worried About Treasury Market Resiliency in Times of Stress (DJ)
(Dow Jones) -- Federal Reserve Bank of San Francisco President Mary Daly is worried that unresolved financial system weaknesses are drawing the central bank in with emergency support offerings too frequently.


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