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5/24, 8:40 PM (Source: TeleTrader)
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Fed's Bullard: Too early to discuss tapering

Federal Reserve Bank of St. Louis President James Bullard (pictured) pointed out on Monday that the central bank is "not quite there yet" when it comes to discussions about changing its asset purchase policy.

The debate on altering monetary policy should be left for the post-coronavirus crisis period, Bullard explained in a Yahoo Finance interview, but added he thinks that "we will get there in the months ahead."

The Fed official also reiterated his view that the inflation rate in the United States will increase and will surpass 2% in both 2021 and 2022.

Breaking the News / MS