Fed’s Bullard recommends QE for ECB's next move

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James Bullard, president of the Federal Reserve Bank of St Louis, today told an audience in Frankfurt that the European Central Bank (ECB) should consider a GDP-weighted quantitative easing (QE) programme as its next move to return the eurozone economy to growth.

"The most important monetary policy question during the last five years has been how to pursue easier monetary policy when the policy rate is already near zero," Bullard told the Goethe University Frankfurt's Institute for Monetary and

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