U.S. News

Fed's Bullard says would support bank size caps


WASHINGTON, May 10 (Reuters) - A top U.S. Federal Reserve official said in remarks released on Monday that he would support including limits on bank size in a rewrite of financial oversight to help avoid future taxpayer bailouts. "I would actually support ... size restrictions in the legislation and hard caps of various kinds," James Bullard, president of the St. Louis Fed Bank said in a video clip of an appearance at a closed event May 6 at Washington University in St. Louis. A video of parts of his presentation was posted to the St. Louis Fed's website on Monday. (Reporting by Mark Felsenthal, Editing by Chizu Nomiyama) Keywords: USA FED/BULLARD (mark.felsenthal@thomsonreuters.com; +1 202 898 8329; Reuters Messaging: mark.felsenthal.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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