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Pastimes : Swine
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To: bill meehan who wrote (164)9/9/1999 1:48:00 PM
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Fed's Ferguson says Fed cannot target stock market
WASHINGTON, Sept 9 (Reuters) - Federal Reserve Board Governor Roger Ferguson said on Thursday the U.S. central bank should not target the stock market and should concentrate instead on developments in the economy.

Speaking to the National Economists' Club in Washington, the designated vice-chair of the Fed said the central bank was in no position to second guess millions of investors making individual investment decisions.



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