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.
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