Central bank intervention in US adds to optimism EU forced to pledge all help possible to GreeceStrong US factory output growth and the intervention of a senior American central bank official brought some relief to markets following three days of turmoil that have knocked billions of pounds off the value of the FTSE 100.On another day of wild swings in stock prices, James Bullard, the hawkish president of the St Louis federal reserve, said the US central bank should consider maintaining its policy of pumping funds into the economy as inflation expectations eased. Continue reading...
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