Bullard Says Fed Closer to Goals Than Any Time in 5 Years
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Federal Reserve Bank of St. Louis President James Bullard said the Fed is closer to its goals for employment and inflation than at any time in five years, helping to warrant its tapering of record stimulus.
“Fed goals are within sight,” Bullard, who doesn’t vote on monetary policy this year, said today in Little Rock, Arkansas. “This helps to justify the FOMC’s tapering of asset purchases,” he said, referring to the Federal Open Market Committee.