- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
By Michael Widlanski
Leveling the battlefield to aid terrorists enables evil to fight on
Topic - Jimmy Bullard
The dramatic economic slowdown this summer has provoked an increasingly contentious debate among analysts, including an unusually public split among members of the Federal Reserve Board, over the U.S. economy's long-term outlook and the possibility of a Japan-like "lost decade."
The combination of low interest rates and higher growth creates "a fertile environment for creation of asset bubbles in the future," he says, and that's a risk that Ms. Yellen herself conceded in testimony last week.
St. Louis Fed president James Bullard told Bloomberg that it's possible the Fed will reduce its bond-buying at its next meeting in October, depending on what economic data show.