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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5250)9/10/1997 1:04:00 AM
From: Michael   of 9285
 
Stock market crash "lingering concern" for IMF

biz.yahoo.com

WASHINGTON, Sept 9 (Reuter) - The possibility of a stock market crash is of ``lingering concern'' to the International Monetary Fund and the U.S. Federal Reserve Bank, IMF First Deputy Managing Director Stanley Fischer said.

But Fischer told a news conference marking Tuesday's release of the IMF annual report that it was hard to predict the economic impact of any future crash. He was confident that central banks would
act decisively if needed.
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