Fed's Bullard: monetary policy cannot save U.S. from fiscal cliff
LITTLE ROCK (Reuters) - St Louis Federal Reserve President James Bullard said on Monday monetary policy would not be able to offset the impact on the country's economy if U.S. leaders are unable to avoid the tax hikes and spending cuts of the so-called year-end fiscal cliff.
Bullard told an audience after remarks that the hit to the U.S. economy would be "just too big" for the Fed to be able to fully ease the impact on growth.
(Reporting by Alister Bull; Editing by James Dalgleish)
- Atheists face death in 13 countries, global discrimination: study
- Missouri executes man for killing good Samaritan motorist in 1994
- Focus turns to Thai military, anti-government protesters tell them to pick sides |
- Google executives' planes saved millions in costs due to error - NASA
- Apple scores legal victory over Samsung in South Korea