Meyer: markets likely disappointed

October 11, 2008

Former Fed Governor Laurence H. Meyer says the Group of Seven will likely be forced to issue a stronger statement than the “plan of action” released Friday night.

“I think this will be a considerable disappointment to the markets that a more signficant and dramatic action isn’t announced at this point. And I would expect it won’t take too long for them to see that it is going to be necessary,” Meyer, now a vice chairman at Macroeconomic Advisers, tells Thomson Reuters Markets Washington Bureau Chief Corbett B. Daly.

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/