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America Breaking News: Fed Official Criticizes Announcement on Bond Buys

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America Breaking News: Fed Official Criticizes Announcement on Bond Buys

America Breaking News: Fed Official Criticizes Announcement on Bond Buys
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America Breaking News: Fed Official Criticizes Announcement on Bond Buys

by Wochit 1:06 mins

A Federal Reserve voting member says the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed." St. Louis Federal Reserve Bank President James Bullard says the Fed should have waited for more "tangible signs" that the economy was strengthening and inflation was closer to the Fed's 2 percent target. A bipartisan group of senators urged a national security panel overseen by the U.S. Treasury Department to strengthen its review of the $4.7 billion sale of Smithfield Foods to a Chinese company by including two additional agencies to study the deal. The National Security Agency can keep copies of intercepted communications from or about U.S. citizens if the material contains significant intelligence or evidence of crimes. That's according to exemptions in NSA's top secret rules published Thursday in the latest leak of classified U.S. materials.

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