- Boeing Mulls Pushing Back Dreamliner Deliveries
- Chief Executive Quits Australian Publisher Fairfax
- Asian Markets Wobble on Gloomy Economic Outlook
- Motor Racing-Honda Pulls Out of Formula One
- Job Cuts Picking Up Steam Just in Time for Holidays
- Pros Say: Bear Market Rallies = New Reality
- CEOs Sound Off: Budget Deficit, Bailouts & More
- Bernanke: 'More Needs To Be Done' on Foreclosures
- Bernanke's Speech on Housing and Foreclosures
- Wall of Shame: Fortress Investment's Wes Edens
- Cramer to Geithner: Let FDIC Chair Keep Her Job
- Lightning Round: Boeing, Medtronic, Agrium and More
- Lightning Round OT: Continental, Amylin Pharma and More
- Sell Block: Cramer's Solution for Mortgage-Backed Paper Mess
- Toll Brothers CEO's Housing Outlook
- Making Money Off M&A
- Your First Move For Friday December 5th
- Web Extra: Fast & Furious Trades For Friday
Fed's Moves Will Solve 'Bear of a Problem': Stern
Topics:Credit | Federal Reserve | Stock Market
Text Size 
The Federal Reserve's recent steps to unlock global funding markets should succeed over time in solving "a bear of a problem," Minneapolis Fed President Gary Stern said on Tuesday.
Speaking to the Council of Institutional Investors, Stern said the Fed must deal with the crisis at hand and turn to the issue of moral hazard created by a string of bank bailouts when conditions are more settled.
"You want to address 'too big to fail' when financial conditions are cranking," he said.
Higher budget deficits likely to be created by the Treasury's costly bank rescue plan will not necessarily lead to higher interest rates, Stern said.
© 2008 CNBC.com
Tools:
Print
Email
Del.icio.us
Digg ItMORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes