Tags: james bullard | federal reserve | easing | economy

Bullard Backs Down on QE, Endorses Fed Decision

Tuesday, 04 November 2014 11:16 AM

A Federal Reserve official who a few weeks ago proposed further monetary stimulus said on Tuesday the central bank in fact made the right decision last week in shelving a bond-buying program, in part because financial markets have rebounded.

St. Louis Fed President James Bullard, speaking on Fox Business, said global markets seemed to be expecting a global recession earlier in October.

"As it turned out, that all kind of evaporated," he said. The Fed "did a very sensible thing at the meeting last week," he added, when it halted the bond buying while acknowledging some lower measures of inflation.


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A Federal Reserve official who a few weeks ago proposed further monetary stimulus said on Tuesday the central bank in fact made the right decision last week in shelving a bond-buying program, in part because financial markets have rebounded.
james bullard, federal reserve, easing, economy
100
2014-16-04
Tuesday, 04 November 2014 11:16 AM
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