MARKET TALK: Ex-Tsy Sec Rubin: More Fed Stimulus Would Do Little

Former Treasury Secretary Robert Rubin said a third round of bond buying by the Fed would "accomplish little or nothing." Central bank officials have debated launching another round of economic stimulus, in the form of more quantitative easing. Rubin, while speaking at the Atlantic's Economy Summit in Washington, said that the last round of bond buying barely moved interest rates and a third round would have "little effect on business and consumer behavior." Additional stimulus, however, could stoke inflation and heighten concerns that the US won't come up with a plan to address its growing debt load, he said.