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. Last Updated: 07/27/2016

Market Crash Concerns

WASHINGTON () -- The possibility of a stock market crash is of "lingering concern" to the International Monetary Fund and the U.S. Federal Reserve Bank, IMF First Deputy Managing Director Stanley Fischer said.

But Fischer told a news conference marking Tuesday's release of the IMF annual report that it was hard to predict the economic impact of any future crash. He was confident that central banks would act decisively if needed.

"It [a major correction] is a lingering concern, it is a lingering concern of the Fed," he said.

"There is a danger there, we have to watch for it. ... If there is a reduction and a very rapid correction, central banks should, and I would expect would, take action."

Central banks pumped liquidity into the market when share prices crashed in 1987.