While you were sleeping: Hope for Fed lifeline

Tue, 12 Jun 2012

By Margreet Dietz June 13 (BusinessDesk) - Investors opted to rekindle optimism the US Federal Reserve will come up with measures to help spur the pace of growth soon, triggering a rally on Wall Street. Fed Bank of Chicago President Charles Evans told Bloomberg News he would support measures to generate faster job growth. Policy makers hold their next policy meeting on June 20. “I’ve been in favour of pretty much any accommodative policy I’ve heard about,” Evans, who doesn’t vote on the Federal Open Market Committee this year, told Bloomberg...

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