Daily Archives: May 3, 2010

James Politi

Most of our interview on Saturday with James Bullard, president of the St Louis Federal Reserve Bank, was focused on his stance on the financial reform bill, which he seems quite exercised about.

But left on the cutting room floor were some of his observations on last week’s meeting of the Federal Open Market Committee, which he attended. Read more

James Politi

Are US consumers falling back into the same old spending patterns that got them into so much trouble in during the recession?

Data released today showed that the US savings rate fell to an eighteen-month low of 2.7 per cent in March, as Americans spent more than they earned: consumption rose by 0.5 per cent, much faster than a 0.3 per cent increase in personal income. Read more