Federal Reserve Bank of St. Louis President James Bullard said policy makers haven’t committed to a specific month to end bond purchases even as it would take a significant shift in the outlook to alter the path of tapering.
Jean Boivin, the top aide at Canada’s finance department responsible for Group of 20 issues, isn’t seeking to return to the Bank of Canada as senior deputy governor, a person familiar with the matter said.
Chinese steel companies, the world’s largest, helped drive a regional industry benchmark index to a seven-month low as concern builds that some mills face financial difficulty amid a government credit squeeze.
The location of the National Credit Union Administration suits its place in the hierarchy of U.S. financial regulators. Unlike its better-known peers, which are all clustered near the Capitol or the White House, the agency is a 20-minute drive from downtown Washington in good traffic.
Japan’s Government Pension Investment Fund, the world’s largest pool of retirement savings, cut domestic bond holdings to the least since the fund’s inception in 2006 and said it will invest in infrastructure.