St. Louis Fed president again presses for rate cuts
(WorldNews Business)

Jim Bullard, president of the Federal Reserve Bank of St. Louis, argued for Fed rate cuts again Friday, citing the inverted yield curve as a motivating reason. `The yield curve is inverted here,` Bullard told CNBC. `That´s not a good place to be.` An inverted yield curve occurs when short-term investments in U.S. Treasury bonds pay more than long-term bond. Recently the interest on the 10-year Treasury note fell below that of the two-year note, sparking recession fears. The Fed cut... ......