November 1, 2013
St. Louis Fed President James Bullard discussed current monetary policy tools and the data dependency of tapering at the Financial Forum hosted by the St. Louis Regional Chamber. Bullard said that data dependence encompasses both cumulative progress in labor markets since the FOMC’s asset purchase program began and a judgment concerning the sustainability of that progress.
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"Rationally, let it be said in a whisper, experience is certainly worth more than theory."