Bullard Says Fed May Decide on Tightening Before View Clears

The U.S. Federal Reserve may need to decide on when to tighten monetary policy before the outlook for the global economy clears up later this year, St. Louis Fed President James Bullard said.

“The process of normalizing policy, even once it begins, will still leave unprecedented policy accommodation on the table,” he said according to a statement on remarks he was to deliver at a financial forum in Prague today. “The FOMC may not be willing or able to wait until all global uncertainties are resolved to begin normalizing policy.”