Feb 12 A top U.S. central banker said on
Wednesday recently soft economic data is not enough to derail
the Federal Reserve's plan to keep reducing its bond-buying
stimulus, and indeed he said more clarity on U.S. fiscal policy
is a "bullish" signal for the economy.
"We do pay attention to the data," St. Louis Fed President
James Bullard said on Bloomberg TV. "All we are saying is, so
far, this hasn't been enough to derail our plan. And the plan is
definitely to move out of the QE program."
The bond-buying, known as quantitative easing, or QE, is
running at $65 billion per month after having been trimmed in
each of the last two months. Meantime in Washington on Tuesday,
lawmakers in the House of Representatives approved a one-year
extension of federal borrowing authority.