March 26, 2015
St. Louis Fed President James Bullard discussed the recent removal of the word "patient" from the FOMC statement and factors that are weighing on the decision to begin normalizing U.S. monetary policy. During an event in Frankfurt, he said that now may be a good time to begin normalizing monetary policy so that it is set appropriately for an improving economy over the next two years.
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"Rationally, let it be said in a whisper, experience is certainly worth more than theory."