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September 20, 2013
Regarding FOMC decisions on changing the pace of asset purchases, St. Louis Fed President James Bullard said he prefers to keep more emphasis on the idea that such decisions are data dependent. In Bullard's view, the FOMC can afford to be patient given that inflation is low. He discussed these topics during an interview on Bloomberg Television's "Surveillance."
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President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."