Bullard Favors Slowing QE in $10-$15 Billion Increments
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Federal Reserve Bank of St. Louis President James Bullard said he favors reducing the central bank’s monthly asset purchases by $10 billion to $15 billion increments in response to changes in the economy.
“I would be very comfortable moving in small amounts -- $10 or $15 billion at a time,” Bullard said on Bloomberg Radio’s “Hays Advantage” with Kathleen Hays. “We are getting much closer.”