Federal Reserve "Shouldn't Be Intervening All The Time" In Markets, Fed President Admits
By GCRU Gold News on Tuesday, June 10 2014, 21:35 - Permalink
Moments ago, St. Louis Fed president James Bullard gave one of his signature yellow-backgrounded presentations to the Tennessee Bankers Association Annual Meeting taking place at the favorited by 1%-ers everywhere Breakers hotel in Palm Beach, Florida. The bulk of his presentation is the usual trite platitudes, but he did have some chose comments, such as:
BULLARD: FED SHOULDN'T BE `INTERVENING' ALL THE TIME IN MARKETS