Federal Reserve Bank of St. Louis president James Bullard said a “clear” disinflationary trend began in the U.S. this year and monetary policy should be designed to fight the development and support the Federal Reserve Board’s inflation target from the low side.
Asset purchases carry risks and rewards, but Bullard said he “believes the benefits outweigh the risks,” according to advance text of his remarks Thursday to the National Economists Club.
“Regular review” of the program will determine if adjustments are needed, Bullard said.
