Tuesday, February 28, 2012

Fed officials say not time to buy bonds now

Richmond Federal Reserve Bank President Lacker speaks during the Charlotte Chamber's Economic Outlook Conference in CharlotteST. LOUIS (Reuters) - Two top Federal Reserve officials, including a policy centrist, said on Friday the central bank should hold off buying more bonds to boost growth given a strengthening in the economy. "The data has been stronger in recent weeks and months, and so I think there's probably a good case to stand pat for now," St. Louis Federal Reserve Bank President James Bullard told reporters after a speech here. ...


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