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Fed, BOE Officials Don’t See Signs of Emerging Equity Bubbles

Fed, BOE Officials Don’t See Signs of Emerging Equity Bubbles
Pedestrians pass the Bank of England in London. Central banks from across developed economies have deployed unorthodox and little-tested easing to fuel economic growth. Photographer: Jason Alden/Bloomberg

April 13 (Bloomberg) -- Federal Reserve and Bank of England officials said they see few signs of equity price bubbles in the U.S. and U.K., countering criticisms record stimulus is stoking excessive risk-taking. * “I don’t think we’re in that kind of territory that

obviously makes these asset prices unsustainable and at a

bubble level,” Bank of England’s Miles said during panel

discussion at Boston Fed. * While “this is something we have to keep monitoring” at

the Fed, “I don’t see” these risks now, Minneapolis Fed

President Kocherlakota told reporters after speaking at same

forum * “We don’t have a lot of experience” with large-scale asset

purchases and “they can entail risks,” Chicago Fed

President Evans said during the panel discussion Story Link:NSN ML7ON80D9L35<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Joe Sabo in New York at +1-212-617-8959 or jsabo@bloomberg.net

To contact the editor responsible for this story: Joe Sabo at +1-212-617-8959 or jsabo@bloomberg.net

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