BLBG: Bullard Says Fed Is in Good Position to ‘Go on Pause’ on Monetary Policy
Federal Reserve Bank of St. Louis President James Bullard said the central bank is in a “fairly good position” to pause in its stimulus and that “it is reasonable” to expect policy tightening by the end of 2011.
“We are in fairly good position right now with QE2 coming to an end,” Bullard said today in a Bloomberg Television interview in New York. “I still think it is reasonable” to expect tightening by end of year.”
To contact the reporter on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net.
To contact the editors responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net
