Summers Says Fed’s Financial Regulatory Role ‘Stands Up Well’

Publication: BusinessWeek

Author: Jonathan D. Salant

03/19/2010 - White House economic adviser Lawrence Summers said the Federal Reserve has a strong record of regulating financial institutions, even with the failures that preceded the economic meltdown.

“There’s a great deal to be said for the Fed’s prominent role in financial supervision,” Summers, director of the National Economic Council, said today at a conference sponsored by the Pew Economic Policy Group. “ The job the Fed has done stands up quite well.”

Read the entire article Summers Says Fed’s Financial Regulatory Role ‘Stands Up Well’ on the BusinessWeek Web site.

Pew is no longer active in this line of work, but for more information, visit the main Pew Financial Reform page.

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