Bullard Says Fed Should Maintain ‘Effective’ QE Program

Federal Reserve Bank of St. Louis President James Bullard said the central bank should continue its bond buying because it’s the best available option for policy makers to boost growth that is slower than expected.

The purchases known as quantitative easing should be maintained because financial markets indicate that they are improving financial conditions and can be adjusted based on how the economy changes, Bullard, who votes on the policy-setting Federal Open Market Committee this year, said today according to the text of remarks prepared for delivery in Frankfurt.