The Federal Reserve should not rush a decision to scale back its asset purchase program because of low inflation, a senior U.S. central banker said on Monday.
“For me, you don’t have to be in a hurry because of low inflation,” St. Louis Federal Reserve President James Bullard told CNBC television.
Bullard, who at the Fed’s policy meeting last week voted in favor of maintaining the central bank’s monthly bond buying campaign at an $85 billion monthly pace, said he wanted to see inflation heading back toward policy-makers’ 2 percent goal before tapering bond buying.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.