Ironically, when the statement was released, I was attending a presentation by former Federal Reserve Governor Randall Kroszner at the Morningstar Stock Forum.
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But in a speech in New York on Friday, Fed Gov. Randall Kroszner said the central bank probably won't need to reduce interest rates further to help the economy.
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Scheduled to testify Wednesday: Federal Deposit Insurance Corporation Chairman Sheila Bair, Comptroller of the Currency John Dugan, Office of Thrift Supervision Director John Dugan and Federal Reserve Governor Randall Kroszner.