Former Fed Bank President Warns More Regulation Will Have Consequences

admin — Thu, 20 Nov 2008 16:42:45 +0000

Jeff Poor

With an increased Democratic majority in Congress and a Democratic president set to be sworn in Jan. 20, policy analysts expect the government will try to steer out of the pending financial crisis through regulation.

However, William Poole, former chief executive of the Federal Reserve Bank of St. Louis and a former voting member of the Federal Open Market Committee, said increased regulation would be a mistake.

FOMC

Former Fed Bank President Warns More Regulation Will Have Consequences