In Nashville, Tenn., St. Louis Fed President James Bullard said the Fed can wait and see how the economy develops before making any further adjustments to the policy rate. He noted that the U.S. effective federal funds rate has been rising while key policy rates abroad have remained fixed.
Presentation (pdf) | Press Release
St. Louis Fed President James Bullard explains why he has been an advocate of starting to shrink the Fed’s $4.5 trillion balance sheet by ending the reinvestment policy.
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