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Jul 22, 2011
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via MacroScope

Fed’s Plosser on default risk, inflation, and more

The following are highlights from a Reuters interview with Philadelphia Federal Reserve Bank President Charles Plosser on Wednesday.

FED AS LENDER OF LAST RESORT IF DEFAULT OCCURS:

“Clearly if something were to happen and financial markets were to seize up, and there were liquidity problems or financial market disruptions, I think the Fed would feel like it had the responsibility to go in and keep markets functioning, as a lender of last resort.”

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    • About Kristina

      "Kristina Cooke is an investigative reporter based in San Francisco. Before joining Reuters, she worked at CNN International and The Economist's "World In" journal. She studied International Relations and History at the London School of Economics and grew up in Karlsruhe, Germany. Write to Kristina: kristina.cooke@thomsonreuters.com Follow her on Twitter: @kristinacooke"
      Joined Reuters:
      2005
      Languages:
      English, German, Spanish, Japanese
      Awards:
      Deadline Club, 2010
      Front Page Award, 2011
      New York Press Club, 2013
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