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Don't reduce QE3 until inflation ticks up: Fed's Bullard
July 12, 2013 / 9:12 PM / 4 years ago

Don't reduce QE3 until inflation ticks up: Fed's Bullard

JACKSON HOLE, Wyoming (Reuters) - The Federal Reserve should keep buying bonds at the current pace until inflation rises back up toward the 2-percent target, a top U.S. central banker said on Friday in remarks that show how divided the Fed is on its quantitative easing program.

St. Louis Fed President James Bullard, a voter on policy this year, told reporters the Fed would have to rethink its strategy for reducing asset purchases if inflation, now around 1 percent, drifted lower.

Reporting by Jonathan Spicer; Editing by James Dalgleish

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