Fed’s Bullard: FOMC may not be willing or able to wait for all global uncertainties to be resolved to start normalising policy Fed’s Bullard: Now, some 18 months after end of recession, time to expect the economy to pick up and start growing fairly rapidly. If we wait too long with normalising policy we will get a lot of inflation Japan PM Kan: Has decided to aim for fiscal spending of 2 to 3 trln yen in first emergency budget German Gfk April consumer sentiment indicator 5.9, down from 6.0 in March, but slightly better than median forecast of 5.8 UBS consumption indicator for Switzerland 1.46 in Febraury after 1.66 ... (full story)