The Fed governor calls for more quantitative easing on a massive scale to combat deflation, and to induce inflation. I've expected this action all along, and it will occur soon at tomorrow's FOMC meeting, or next month's. Be careful what you wish for, James Bullard.
http://www.youtube.com/watch?v=cSV1U_pppBQ&feature=player_embedded
Monday, August 9, 2010
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