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News Link • Federal Reserve

Fed's Lacker says must nail down safety net limits

• Reuters
Federal Reserve Bank of Richmond President Jeffrey Lacker said that it would be better to define the limits of the official U.S. financial market safety net in advance and by a formal charter. "What could be problematic is defining the scope of the safety net via the choices and selections made on a discretionary basis," Lacker said after a luncheon

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