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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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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