WASHINGTON — The Federal Open Market Committee has in the past put its policy on hold, Federal Reserve Bank of St. Louis president James Bullard said Monday, adding that this gives more time to assess the strength of the nation’s economy.

In prepared remarks, Bullard reiterated his call for inflation targeting. He also said the ultimate policy goal when it comes to prices is headline inflation, as opposed to core inflation.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.