> Breaking News Alert > The New York Times > Thu, July 29, 2010 -- 12:24 PM ET > ----- > > Fed Board Member's Deflation Warning Hints at Policy Shift > > James Bullard, the president of the Federal Reserve Bank of > St. Louis, warned on Thursday that the Fed's current policies > were putting the American economy at risk of becoming > "enmeshed in a Japanese-style deflationary outcome within the > next several years." > > The warning by Mr. Bullard, who is a voting member of the Fed > committee that determines interest rates, comes days after > Ben S. Bernanke, the Fed chairman, said the central bank was > prepared to do more to stimulate the economy if needed, > though it had no immediate plans to do so. > > A subtle but significant shift appears to be occurring within > the Federal Reserve over the course of monetary policy, amid > increasing signs that the economic recovery is weakening. Mr. > Bullard had been viewed as a centrist, and associated with > the camp that saw inflation, the Fed's historic enemy, as a > greater threat than deflation. > > Read More: > http://www.nytimes.com/2010/07/30/business/economy/30fed.html?hp&emc=na > > Copyright 2010 The New York Times Company -- Jim Devine "All science would be superfluous if the form of appearance of things directly coincided with their essence." -- KM _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
