-
Fed's Bullard sees no need to rush tapering
The Federal Reserve should be cautious before pulling back the pace of the $85 billion-a-month asset purchase program, said St. Louis Fed President James Bullard on Friday. "I don't think we have to be in any hurry in this situation, inflation is running low, we have mixed data on the economy," Bullard said in an interview on CNBC on the sidelines of the Fed's annual policy conference. While the labor market looks better, gross domestic product has looked "kind of weak" and inflation is low. "I think we can afford to be very deliberate in our decision making here," he said. Bullard said he wants to see some sign that ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 23, 2013 8:53am Aug 23, 2013 8:53am
- shogun12
- | Joined Dec 2011 | Status: Member | 91 Comments
- Comment #2
- Quote
- Aug 23, 2013 9:00am Aug 23, 2013 9:00am
- Guest
- | IP XX.XXX.249.50
- Comment #3
- Quote
- Aug 23, 2013 9:32am Aug 23, 2013 9:32am
- DemoAntares
- | Joined Oct 2012 | Status: in between fear and euphoria | 335 Comments
- Comment #4
- Quote
- Aug 23, 2013 9:38am Aug 23, 2013 9:38am
- upasna
- | Joined May 2011 | Status: Member | 801 Comments