Bullard Says Fed May Boost QE If Inflation Slows Further

Federal Reserve Bank of St. Louis President James Bullard said the central bank may need to increase monthly asset purchases above the current $85 billion pace if inflation slows further below its 2 percent goal.

The Federal Open Market Committee “will face a decision if inflation continues to decline,” Bullard said today in a telephone interview from Washington. “Then the committee will have to make a decision about how to provide more accommodation.”