JONESBORO, Ark. — St. Louis Federal Reserve Bank President James Bullard Wednesday said he hopes that as the economy shows further signs of improvement he can convince the Fed to make gradual changes in its large scale asset purchases.

With no fixed end date for the current round of quantitative easing — which totals $85 billion a month in bond buys — gradual changes in response to evidence is a better way to adjust, Bullard told a small group of reporters following a speech to an agribusiness conference at Arkansas State University.

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