Saturday
February 9, 2013
Thursday, August 23, 2012

Fed official says economy data has improved in recent weeks

A Federal Reserve official today leaned against the impression that the US central bank was locked into easing monetary policy at its meeting next month, noting that economic data had improved in recent weeks.

Minutes of the Fed's July 31-August 1 meeting released yesterday had highlighted strong support among policy-makers for more action. But St. Louis Federal Reserve President James Bullard told CNBC television that the economic outlook had brightened since that meeting.

"I do think that the minutes are a bit stale because we have some data since then that has been somewhat stronger," Bullard, who will be a voting member of the policy-setting committee next year, said in an interview.

Bullard also voiced unusually blunt criticism of Europe's response to the sovereign debt crisis in the euro zone, saying he was "pessimistic" on the region's capacity to take robust action, but played down the impact on the United States so far.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Fed  US  economy  Obama  minutes  meeting  monetary policy  


  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment



Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium ávp El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 3676 - This publication is a property of NEFIR S.A. - Issn 1852 - 9224 - Te. 4349-1500 - Paseo Colón 1196, (C1063ACY) CABA