Two areas of present concern: the economic outlook and the pathology of Too-Big-to-Fail (with reference to Errol Flynn, Johnny Mercer, Gary Stern, and Voltaire)

Abstract: Remarks before the Senior Delegates' Roundtable of the Fixed Income Forum, Carlsbad, California, July 23, 2009. ; \"A lot of former negatives are being eliminated. We are seeing changes from negative impulses to slightly positive ones. This accentuates the positive in the aggregate. We probably have the beginnings of a faint recovery.\"

Keywords: Economic conditions - United States; Monetary policy; Financial crises; Regulation;

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Speeches and Essays

Publication Date: 2009

Number: 8