Davos: View from Morgan Stanley
Jan. 23 - Stephen Roach sees a knee-jerk reaction in the emergency rate cut by the Fed
Roach, an economist and head of investment bank Morgan Stanley in Asia, says the Fed has been dragged into crisis management by the slumping markets and might just be creating another economic bubble.
He spoke to Reuters' Steve Clarke as part of our Davos Today programme.
For full coverage from Davos 2008, go to:
http://uk.reuters.com/news/globalcoverage/worldeconomicforum2008
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