Fed's Moskow promotes personal accounts

Chicago Federal Reserve Bank President Michael Moskow said on Monday he favours the idea of "some kind of personal accounts" as a method of addressing the long-term funding issues facing Social Security.

"There are some problems with the existing system that I think personal accounts would help address," Moskow told reporters at the opening of the bank's "Money Smart Week."

"It would be helpful for people to have the ability to manage their own (retirement) finances -- or a portion of their fi

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