Fed's Ferguson on economics and ethical behaviors

In a speech on 'Economics and Ethical Behaviors' given on 22 May, Roger Ferguson of the Federal Reserve said that acting morally and ethically pays dividends while not doing so imposes costly regulation on society as a whole. Economic outcomes are improved when market participants play by the rules, he said.

"Economic outcomes are improved when market participants 'play by the rules.' This fact has a strong grounding in economic theory and empirical research," he said remarks delivered at an

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