Fed's Bullard: US in Danger of Japan-Style Financial Crisis

St. Louis Federal Reserve Bank President James Bullard fears the U.S. could fall into a Japan-style quagmire of falling prices and investment that is hard to escape. He also said the Fed should consider buying more Treasury securities, instead of promising an extended period of low rates to support recovery, should inflation drift lower. He votes on the Fed's policy-setting panel.
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St. Louis Federal Reserve Bank President James Bullard (above) said that "with a little bit weaker numbers on the economy and inflation a little bit low, people are starting to talk about the possibility of a Japanese-style outcome for the U.S." (St. Louis Federal Reserve Bank)