| Bloomberg | - |
Federal
Reserve Bank of St. Louis President James Bullard, a voter on policy
this year who has backed record stimulus, said the Fed may make a small
cut to bond purchases in October after its narrow decision this week not
to reduce accommodation.
AP News
Bullard: Fed could slow bond buys in October
WASHINGTON
(AP) — A voting member of the Federal Reserve says the Fed could start
to reduce its bond purchases as early as the next meeting in October, if
the economy shows improvement.
James Bullard, president of the
Federal Reserve Bank of St. Louis, told Bloomberg television Friday that
it was a "close decision" not to slow the $85-billion-a-month in bond
buying at the Sept. 17-18 meeting. He said stronger data before the Oct.
29-30 meeting could make Fed officials "comfortable with a small taper
in October."The bond purchases are intended to keep long-term interest rates low, encouraging more borrowing, spending and growth.
Separately, Bullard said in a New York speech that the Fed's action this week shows its decision hinges on economic data.
Bullard: Fed could slow bond buys in October
If the government shuts down likely the Fed will be forced by circumstances to keep buying bonds awhile more because the market will go south either before, after or during (or all three or one or two) of government shutdown(s) like in 1995.
United States federal government shutdown of 1995 and 1996 ...
en.wikipedia.org/.../United_States_federal_government_shutdown_of_1...The United States federal government shutdown of 1995 and 1996 was the result of conflicts between Democratic President Bill Clinton and the Congress over ...Would a Government Shutdown Really Be All That Bad for ...
The Atlantic-Sep 20, 2013It's a case increasingly being made by activists on the right, who cite polling data and a revisionist view of the 1995 government shutdown.
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