CHICAGO — Recent data has shown the U.S. economy is improving, but the Federal Reserve is still not talking exit strategy while also not planning to deploy more quantitative easing, James Bullard, president of the  Federal Reserve Bank of St. Louis, said Saturday.

Answering questions at the Allied Social Science associations annual meeting, Bullard said the Fed is rather taking a “wait-and-see” approach. Earlier, he previewed a paper examining how the recovery landscape and recovery tools have changed that he will release next week.

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