TOKYO (Dow Jones)-- Federal Reserve Bank of St. Louis President James Bullard said that another round of quantitative easing is "one option," the Asahi Shimbun reported in its Wednesday morning edition.
But Bullard, who does not have a vote on the Federal Open Market Committee this year, stressed in an interview with the paper the importance of examining data to see which direction the U.S. economy is moving in the second half of 2011.
He also said that any further signs of inflation could be problematic.
"Before we would take action, we would want to verify whether inflation has eased," Bullard said, noting he expects the U.S. economy to grow 2.5% in the second half.
Tuesday, 30 August 2011
Fed's Bullard: Another Round of Quantitative Easing "One Option"
From Dow Jones Newswires:
Bank Of America Faces Fresh Mortgage Suit
Here's a word cloud of the article, full article after the jump.
From Dow Jones Newswires:
From Dow Jones Newswires:Bank of America Corp.'s (BAC) legal woes deepened Tuesday, as a big bank filed suit over soured home-loan bonds and a flurry of investors said they might object to a high-profile mortgage-bond settlement.
(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)
The news sent Bank of America shares down 3% on a day when most financial stocks were only modestly lower. The drop ended a relief rally that took root last week, after billionaire investor Warren Buffett's company took a $5 billion stake in the bank.
The lawsuit represents the latest blow for Bank of America , which has been pummeled by problems related to its 2008 acquisition of Countrywide Financial Corp. The deal left the Charlotte, N.C. , lender saddled with hundreds of thousands of delinquent borrowers and exposed it to scores of requests from angry investors that it repurchase poorly performing mortgages that were packaged into securities.
S&P/ASX 200 Offshore Leads Mixed; SPI Down 0.3%
Word cloud for this article is found after the jump.
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