Treasury’s Paulson Says Fed’s Role Must be as a Stabilizer
June 30, 2008 – 8:25 amSpeaking to journalists en route to Berlin, Treasury Secretary Henry Paulson said that his speech on July 2 will focus on the Federal Reserve's role as a macro stability regulator.
Paulson said that speech will focus on the Federal Reserve's process for intervening in financial affairs and that any intervention by the Fed must be paired with market discipline.
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