Bullard Says Taper Possible After Close Call QE Decision

Federal Reserve Bank of St. Louis President James Bullard, a voter on policy this year who has backed record stimulus, said the Fed may make a small cut to bond purchases in October after its narrow decision this week not to reduce accommodation.

“That was a borderline decision” after “weaker data came in,” Bullard said yesterday on Bloomberg Television’s “Bloomberg Surveillance” with Tom Keene and Sara Eisen. “The committee came down on the side of, ‘Let’s wait.’”