While you were sleeping: Bullard lifts Wall Street

Thu, 16 Oct 2014

By Margreet Dietz Oct. 17 (BusinessDesk) - Wall Street gained, rebounding from earlier declines, after St. Louis Federal Reserve Bank President James Bullard said the US central bank should consider delaying the end of its bond-buying program given a decline in inflation expectations. “Inflation expectations are declining in the US,” Bullard told Bloomberg News in Washington. “That’s an important consideration for a central bank. And for that reason I think that a logical policy response at this juncture may be to delay the end of the QE....

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