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Bullard: Low Inflation Gives FOMC 'Room to Maneuver' on Balance Sheet
Market News International | Thursday, February 21, 2013
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St. Louis Federal Reserve Bank President James Bullard said Thursday that the low inflation rate gives the Fed's policymaking Federal Open Market Committee "room to maneuver" on the size of the Fed's balance sheet, repeating comments he has made recently.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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