The Federal Open Market Committee should adopt a "thresholds" approach to monetary policy, whereby it would set levels for inflation and unemployment that would indicate a change in monetary policy rather than using a date to avoid sending "pessimistic signals," according to James Bullard, president and CEO of Federal Reserve...
Fed's Bullard Wants Fed to Describe Conditions That Would Lead to Tightening
DEC 3, 2012 1:55pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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