Fed won't let market upset become calamity: Poole (Reuters)

Federal Reserve Bank of St Louis President William Poole participates in a Bank of Korea seminar in Seoul June 16, 2006. The Federal Reserve would not hesitate to act to prevent financial strains from damaging the economy and any steps it does take are not made to shield investors, Poole said on Friday. (You Sung-ho/Reuters)Reuters - The Federal Reserve would not
hesitate to act to prevent financial strains from damaging the
economy and any steps it does take are not made to shield
investors, a top Fed official said on Friday.

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