Federal Reserve's Bullard
Tries To "Taper"
Market Exuberance
After the financial markets went through the roof on Federal Reserve Chairman Ben Bernanke's statement, Federal Reserve Bank of St. Louis President James Bullard came out on Friday & stated the economy is not that fragile, said there is a possibility of a small Federal Reserve taper of its monetary stimulus in October - this affected the financial markets negatively - see above chart.
link here to the reference
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