Monetary Economics Latest News: Fed's Bullard: Drop in Jobless a Step Closer to QE Exit Threshold

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Monetary Economics Latest News: Fed's Bullard: Drop in Jobless a Step Closer to QE Exit Threshold

Monetary Economics Latest News: Fed's Bullard: Drop in Jobless a Step Closer to QE Exit Threshold
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Monetary Economics Latest News: Fed's Bullard: Drop in Jobless a Step Closer to QE Exit Threshold

Wochit 0:52 mins

Fed official James Bullard said July's drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases. Stock futures were mixed in very light trading with most investors in a holding pattern ahead of a statement from the U.S. Federal Reserve. Wall Street lacked direction as it awaited the week?s main economic news, and the stock market wandered between slight gains and losses before closing barely higher. Traders were especially disinclined to make big bets before the Federal Reserve issues its policy statement

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