Bullard, Whitney, Feldstein Own Words on Fed Policy

Aug. 31 (Bloomberg) – Federal Reserve Bank of St. Louis President James Bullard, Meredith Whitney, founder and chief executive officer of Meredith Whitney Advisory Group, and Martin Feldstein, an economics professor at Harvard University, offer their views on Federal Reserve Chairman Ben S. Bernanke’s speech today in Jackson Hole, Wyoming, and the outlook for central bank monetary policy. This report also contains comments from Edward Lazear, a professor at Stanford University and former economic adviser to President George W. Bush; Jacob Frenkel, chairman of JPMorgan Chase International; John Ryding, chief economist and co-founder of RDQ Economics; Stephen Stanley, chief economist at Pierpont Securities LLC, and David Zervos, global head of fixed-income strategy and economics at Jefferies & Co. (Source: Bloomberg)
Prudential Reports Decline In New Business Profit
59:28 - Prudential Plc, the U.K.’s largest insurer by market value, reported a 6 percent decline in new business profit for the first-quarter. CEO Tidjane Thiam – who is leaving to replace Brady Dougan as Credit Suisse Group AG CEO - told Guy Johnson and Francine Lacqua on “The Pulse” that he leaves the company in “good shape.”
  • BMW Doing Very Well Despite Market in China: Ellinghorst
  • U.K. Seeing Steady Recovery Despite Data Blip: Portes
  • Microsoft Said to Evaluate Salesforce Bid