Inflation remains below target, economic growth has been slow but steady, and labor markets are improving, and there's been "limited financial market excess," so the Fed can stick to its asset purchase plans, Federal Reserve Bank of St. Louis President James Bullard said Monday.

 "This configuration of data suggests that the Federal Open Market Committee (FOMC) can continue to pursue its aggressive asset purchase program," Bullard said at a panel discussion in Montreal, according to a release issued by the Fed.

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.