While on the Board, we have prioritized acting in our fiduciary capacity as Directors above maintaining consensus and the status quo. While we have acted professionally, we have not hesitated to raise difficult issues to NFA staff and have advocated for changes to executive compensation, audit practices, due diligence and nomination procedures for public Directors.
Treasuries fell, with two-year note yields rising from a 17-month low, as Federal Reserve Bank of St. Louis President James Bullard said the central bank should consider delaying the end of its bond-buying monetary stimulus to halt a decline in inflation expectations.
The credibility of the Federal Reserve appears to be waning as the market refuses to take their threats of pulling away the liquidity punchbowl seriously. On what was, by any objective measure, a spectacularly bad non-farms payroll number on Friday, the S&P 500 futures rallied
Federal Reserve Bank of St. Louis President James Bullard said he’s predicting the central bank’s first interest-rate rise will happen in the first quarter of next year as unemployment falls and inflation quickens.
U.S. stocks fluctuated, after the Standard & Poor’s 500 Index fell from a record, as investors assessed corporate earnings and stimulus prospects. The dollar rose to a four-month high and European shares closed at a six- year best.
Federal Reserve Bank of St. Louis President James Bullard, who votes on policy this year, said the odds of tapering bond purchases have risen along with gains in the labor market, and any reduction should be modest to account for low inflation.