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James Bullard

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Fed's Bullard Says Largest Banks Should Be Split Up

LOUISVILLE, Ky.

-(Dow Jones)- Federal Reserve Bank of St. Louis President James Bullard reiterated Thursday banks deemed "too big to fail" should be split up and cited J.P. Morgan Chase & Co. (JPM) specifically."We do not need these companies to be as big as they are," Bullard said. His remarks come a week after J.P. Morgan disclosed a $2 billion trading loss."We should say we want smaller institutions so that they can safely fail if they need to fail," he said, although he also called J.P. Morgan "a good player."Bullard made his general comments regarding "too big to fail" banks at a Rotary Club meeting here. He was responding to a question from the audience regarding J.P. Morgan's disclosure that it lost $2 billion on hedges that soured."Even a good player like J.P Morgan Chase can lose a lot of money," Bullard said, adding that the issue points to the benefit of requiring big institutions to keep plenty of capital on hand.Bullard then took the opportunity to note he supports his col...

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  1. Fed's Bullard Hopes For Moderate US Expansion

    OTTAWA -- St. Louis Federal Reserve Bank President James Bullard said Friday he's hopeful of "moderate" economic expansion in the U.S. after better-than-expected dat...

  2. Fed's Bullard: $4 Gas Would Not Derail Economy

    Four-dollars-a-gallon gasoline would not derail the economy, St. Louis Federal Reserve Bank President James Bullard said Friday. In remarks to reporters following a ...

  3. Fed's Bullard: Housing Recovery Will Take Time

    The recovery of the housing market will take time as homeowners grapple with too much debt, said James Bullard, the president of the St. Louis Federal Reserve Bank, ...

  4. Fed's Bullard: Effects Of 'Housing Debacle' Likely To Last Years

    The shadow of the U.S. housing market's rupture could linger for years, spurring more people to rent rather than to own their homes, Federal Reserve Bank of St. Loui...

  5. Bullard: Fed Should Raise Rates Next Year

    The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. ...

  6. Fed's Bullard Says Housing Market Has Hit Bottom

    The U.S. housing market has already hit bottom, said James Bullard, the president of the St. Louis Federal Reserve Bank, on Monday. In comments to reporters, accordi...

  7. The Fed’s New Forward Guidance

    Like any good corporate chief executive, later this month, 17 Federal Reserve officials will start to give their own forecasts for short-term interest rates, a bit o...

  8. Fed's Bullard: ECB Can't Run To Rescue Of Europe

    The notion that the European Central Bank can run to the rescue of Europe is "overplayed" in financial markets, said James Bullard, the president of the St. Louis Fe...

  9. Europe Impact On U.S. Overstated, Fed's Bullard

    Despite nervousness due to headlines from the European sovereign debt crisis, U.S. households or businesses have not changed their behavior in a major way and as a r...

  10. Bullard: Fed will act if economy weakens further

    (Reuters) - The Federal Reserve will act if the economy weakens further and has the tools to do so, a top Fed official said on Friday.St. Louis Fed President James B...

  11. Bernanke: We're Prepared to Use Tools to Spur Growth

    Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the U.S. recovery but said the central bank would consider what mo...

  12. Bernanke seen stopping short of pledge for QE3

    By Mark Felsenthal and Ann SaphirJACKSON HOLE, Wyoming (Reuters) - Those expecting Federal Reserve Chairman Ben Bernanke to pull a rabbit from his hat at a retreat f...

  1. Fed's Bullard Sees Risk Of Lengthy Policy Pause

    The main risk for Federal Reserve policymakers at the moment is holding monetary policy too easy for too long, a senior Fed official said Wednesday. James Bullard, t...

  2. Fed Taking on a Lot of Risk With Bond Buys: Bullard

    The U.S. Federal Reserve is taking on a lot of inflation risk by purchasing bonds that expand its balance sheet, St. Louis Fed President James Bullard said on Monday...

  3. Bullard: Fed Shouldn't Be So Pessimistic

    A top Federal Reserve official said on Thursday that the central bank's projection of late 2014 for the first likely increase in interest rates sends too pessimistic...

  4. US Stocks Climb as Oil Prices Boost Energy Shares

    U.S. stocks erased earlier losses and tracked higher after a rebound in energy shares overshadowed a decline in new-home sales in the U.S. that indicated the housing...

  5. Fed's Bullard Says New Stimulus Not Needed

    The improving economic outlook in 2012 may no longer warrant ultra-easy monetary conditions, according to a top Federal Reserve official on Friday, who said the cent...

  6. When Will Fed Policy Stop Punishing Savers?

    Earlier this week the Federal Reserve acknowledged in its own cautious way that the U.S. economic recovery is beginning to gain some traction.Even so, the Fed hedged...

  7. Fed's Bullard Says Hopeful Of Moderate U.S. Expansion In 2012

    St. Louis Federal Reserve Bank President James Bullard said Friday he's hopeful of "moderate" economic expansion in the U.S. this year after better-than-expected dat...

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