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)