St. Louis Reserve Bank President James Bullard was quoted at a conference suggesting it was time for the Federal Reserve to consider slowing and even ending its current monetary easing policy. According to Bullard, the U.S. Federal Reserve’s $600 billion asset purchase program could be trimmed by some $100 billion given the recovery in the U.S. economy.
“One of the things that I’m concerned about is that policy is so easy right now that we have to get started on the process of getting back to normal, because it will take a long time to get back to normal,” Bullard told reporters on the sidelines of the conference.
Source: Reuters
