Economics
Bullard Says New Fed QE Outlook Plan ‘Inappropriately Timed’
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Federal Reserve Bank of St. Louis President James Bullard said the Fed “inappropriately timed” a plan to trim $85 billion in monthly bond purchases amid slowing inflation.
“A more prudent approach would be to wait for tangible signs that the economy was strengthening and that inflation was on a path to return toward target before making such an announcement,” Bullard said today in a news release.