Bullard: Can’t let others call shots on Fed policy

NEW YORK, Nov 8 (BestGrowthStock) – The global effects of the
Federal Reserve’s asset purchase program are no different from
normal monetary easing, St. Louis Fed President James Bullard
said on Monday.

In response to an audience question about complaints by
countries such as China and Germany about the Fed’s decision to
buy more Treasury debt, Bullard said the Fed must act to
fulfill its mandate of price stability and full employment.

“You can’t have other people around the world calling the
shots on that mandate,” he said.
(Reporting by Kristina Cooke and Edward Krudy; Editing by
Padraic Cassidy)

Bullard: Can’t let others call shots on Fed policy