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Bullard Says Fed Is ‘Cautious’ About Altering Tapering Pace

Federal Reserve Bank of St. Louis President James Bullard said Fed officials will probably be careful about altering the pace of their reductions to bond buying because of a potentially significant impact on markets.

“If we move off our baseline, it’s going to have pretty big repercussions,” Bullard said today in an interview at Bloomberg’s headquarters in New York. “We’d be cautious in using that -- it’s going to have to be a situation where you’re pretty sure things are moving off track.”