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Friday, August 31, 2012

Fed's Bullard not ready to support more QE - MarketWatch

Fed's Bullard not ready to support more QE - MarketWatch

Bullard said he would support "smaller things" like cutting the interest rate paid on excess reserves that banks park at the central bank. Bullard said he would consider setting a negative interest rate on reserves. "I don't really see any reason to be subsidizing banks for holding reserves," Bullard said.

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