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Bullard Says Two-Day Meeting Gives FOMC Time to Mull Options

St. Louis Federal Reserve Bank President James Bullard said adding a second day to the central bank’s September meeting gives officials time to review easing options, though rising inflation may prevent near-term action.

“If the economy is weaker and the inflation picture moderates, we could consider more action,” Bullard said today in a Bloomberg Radio interview in Jackson Hole, Wyoming. “The call is much more difficult this year than last year. We have a much different inflation situation than last year.”