Fed Keeps Low Profile In Third Quarter Analysts Say, But Some Start To Worry
REGULATIONS
The Federal Reserve Bank, once a vital presence in the foreign exchange market, has been keeping a very low profile of late, so low, many participants say, as to be almost non-existent. If these market observers are right, it will be the first time since 1986 that the Fed has kept its hands out of the market for six months running.
"We haven’t felt their presence at all [in recent months]," says Francoise Soares-Kemp, manager, foreign exchange corporate advisory at Credit Suisse in New York. "We
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