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01 July 2009 @ 12:16 pm
Fed`s Bullard says must shield Fed independence  

(BULLARD, COULD, INDEPENDENCE, THINK, YIELDS, GOING)


By Alister Bull PHILADELPHIA (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Tuesday that public anger over the U.S. financial crisis and subsequent bailouts could cause big problems if this escalated into a political challenge to the independence of the U.S. central bank. "If that leads to some sort of erosion, or even the appearance of an erosion, of the independence of the Fed, I think that could be very counterproductive in this environment," he said after giving a talk about monetary policy to a Global Interdependence Center event. The atmosphere between the Fed... read more