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America Breaking News: Don't Reduce QE3 Until Inflation Ticks Up: Fed's Bullard

July 12, 2013

A top U.S. central banker said the Federal Reserve should keep buying bonds at the current pace until inflation rises back up toward the 2-percent target. The remarks illustrate how divided the Fed is on its quantitative easing program. St. Louis Fed President James Bullard, a voter on policy this year, told reporters the Fed would have to rethink its strategy for reducing asset purchases if inflation, now around 1 percent, drifted lower. When we were late to school, we just got detention! Rihanna had to pay five grand! The singer visited Chicago's Barrington High School on March 22nd, part of the grand prize in her Shine Bright Like A Diamond contest. Unfortunately, she had a little traffic trouble and showed up over four hours late! Apparently RiRi felt bad about the whole thing and promised to make it up to the students. And now she has! With money! Gurl wrote a check to the school for $5,000! A statement on the her website said pop star Lady Gaga will release her next album, "ARTPOP", on November 11. The 27-year-old "Born This Way" singer - who cancelled part of a tour earlier this year to undergo hip surgery - will release a single from the new album on August 19. Gaga will release a social media app ahead of the album on September 1, which the statement said would seek to make connections between music, art, fashion and technology.