Fed's Bies on developments in financial markets

In a speech on 'Developments in Financial Markets and Financial Management' given on 30 September, Susan Schmidt Bies of the Federal Reserve said both the household and business sectors appeared to be in good shape.

"With financial conditions still accommodative, I expect that economic activity will continue to expand at a solid pace for the remainder of the year," Bies said in prepared remarks to a round-table sponsored by The Bond Market Association in Irving, Texas.

"If oil prices get too high

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