Oct. 16, 2014
Although he still expects the U.S. economy to grow 3 percent in the second half of this year and over 3 percent next year, St. Louis Fed President James Bullard said that the Federal Open Market Committee should be cautious about the recent decline in inflation expectations. During an interview on Bloomberg TV's "Market Makers," he discussed the importance of keeping inflation and inflation expectations near the inflation target, the data dependence of the QE program and developments in the global economy.
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