Fed's Bullard-monetary policy cannot save U.S. from fiscal cliff
LITTLE ROCK Dec 3 (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.
- Man called Bitcoin's father denies ties, leads LA car chase
- Apple loses bid for U.S. ban on Samsung smartphone sales
- UPDATE 6-Obama warns on Crimea, orders sanctions over Russian moves in Ukraine
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Crimea votes to join Russia, Obama orders sanctions |