While you were sleeping Bullard lifts stocks

Tue, 21 May 2013

By Margreet Dietz May 22 (BusinessDesk) - Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying program to help bolster growth. In a speech in Frankfurt, Germany, Bullard recommended the Fed "continue with the present quantitative easing program, adjusting the rate of purchases appropriately in view of incoming data on both real economic performance and inflation." "QE is closest to standard monetary policy, involves clear action, an...

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