Charles L. Evans Quotes
When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it's extremely short, hot money, we ought to treat it in that way and have type of regulatory policy.
This bill set up the Securities and Exchange Commission (SEC). Prior there was no regulation or limit as to what a corporation could say to raise money from the public. Lies and fraud were common. There were no accounting standards as to when a company was profitable. Things improved much but each year that are companies caught lying or exaggerating to get people to buy their stock.
Charles L. Evans is the ninth president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he serves on the Federal Open Market Committee (FOMC), the Federal Reserve System's monetary policy-making body.