Bullard Says Fed Would Consider More Action If Economy Worsens
Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank would consider more stimulus if the economy slows significantly.
“If things slow down a lot more and the U.S. economy looked like it was going back into recession or there were risks of deflation then we would consider more action,” Bullard told reporters in London today. “But I don’t think we’re at that juncture.”
Bullard added that inflation rates in the U.S. are “around target” and the situation isn’t similar to that of 2010.
“I don’t think we can look at any more extension of operation twist beyond the end of this year,” Bullard added.
To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net
To contact the editor responsible for this story: Scott Hamilton at shamilton8@bloomberg.net
Federal Reserve Bank of St. Louis James Bullard
Scott Eells/Bloomberg
Federal Reserve Bank of St. Louis James Bullard said, “I don’t think we can look at any more extension of operation twist beyond the end of this year.”
Federal Reserve Bank of St. Louis James Bullard said, “I don’t think we can look at any more extension of operation twist beyond the end of this year.” Photographer: Scott Eells/Bloomberg
July 10 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard speaks in London about the European monetary union, resolving the region's debt crisis and expectations for the U.S. economy. (This report is an excerpt. Source: Bloomberg)
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