Santomero says Fed's regional diversity important

Federal Reserve Bank of Philadelphia President Anthony Santomero made no comment on the economy or the outlook for interest rates at an event at the Philadelphia Stock Exchange on Monday but said the Fed's regional diversity helped ensure financial stability.

Santomero, marking the 90th anniversary of the Philadelphia Fed Bank, said the geographic diversity of the Fed's system helped to take the pulse of economic activity across the country and ensure financial stability. It also prevented con

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