Canada’s dollar fell for a second day as traders started to price in a reduction in monetary stimulus after the U.S. Federal Reserve surprised markets this week by maintaining its $85 billion in monthly bond buying.
Showing posts with label James Bullard. Show all posts
Showing posts with label James Bullard. Show all posts
9/22/2013
Fed need not rush to taper while inflation is low: Bullard
(Reuters) - Low readings on inflation allow the U.S. Federal Reserve to be patient in deciding when to scale back its pace of asset purchases, a senior Fed official said on Friday, cautioning that he would not back action until price pressures picked up.
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