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Bullard Opposes Fed Bond Buying as U.S. Economy Improves

Federal Reserve Bank of St. Louis President James Bullard said recent signs of improvement in the economy would prompt him to oppose any new program by the Fed to buy bonds to reduce borrowing costs.

“I wouldn’t do it right now,” Bullard said today in a CNBC interview. “If it was just me and we just have the data up until today I wouldn’t take a decision right now.”