Dollars and Jens
Wednesday, August 01, 2007
Bill Poole on fed response to market turmoil
The Fed won't try to affect the stock market per se, but will defend the stability of the dollar if a stock market collapse looks to threaten that. So says Bill Poole, anyway. This is what I would want the behavior to be.

Incidentally, this is the policy I think the Fed should have toward just about everything -- including, for example, the dollar's exchange rate.

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