01. Fed's Bullard sees risks of severe downturn and high prices
10:26 AM ET, Sep 26, 2008 - By Greg Robb
WASHINGTON (MarketWatch) -- James Bullard, the new president of the St. Louis Federal Reserve Bank, illustrated the dilemma that the central bank faces in a speech Friday. Bullard said the outlook is uncertain and there could be a severe downturn from the credit crunch. But Bullard also said he was still uncomfortable with the inflation outlook. The challenge for the Fed would be to navigate this crisis without "creating a new and difficult-to-solve inflation problem in its wake," Bullard said in a speech at Middle Tennessee State University. Until the overall inflation rate "clearly slows," the Fed must remain on alert, he said. At the moment, the 2% Fed funds rate is well below inflation, he added. Bullard supported the Paulson rescue plan for mortgages, saying taxpayers may be able to recoup the proposed $700 billion in outlays.
02. Home prices vulnerable to further big drops, J.P. Morgan says
10:26 AM ET, Sep 26, 2008 05. Bullard: Paulson plan could end up not costing taxpayers
10:16 AM ET, Sep 26, 2008
06. Bullard: Fed on alert until inflation clearly moderates
10:15 AM ET, Sep 26, 2008
08. Bullard worried Fed funds rate well below overall inflation
10:12 AM ET, Sep 26, 2008
Ich brauche einen Balkon - damit ich zum Volk sprechen kann.