Fed's Meyer says attacks raise surplus doubts

US - Federal Reserve Gov. Laurence Meyer said in a speech on Friday 12 October the 11 September attacks on U.S. financial and military landmarks have raised sharply uncertainties about future federal budget surpluses.

Meyer also said the attacks had likely pushed back the Fed's facing a situation where it needs to conduct monetary policy without its preferred instrument - Treasury debt securities. Previously, projected surpluses were expected to see the federal debt virtually paid off by the e

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