Fed may start tightening before global risks fixed-Bullard

PRAGUE, March 29 (Reuters) – U.S. policymakers may not be
willing or able to wait for all global uncertainties to be
resolved before they begin normalising its loose monetary
policy, St. Louis Federal Reserve President James Bullard said
on Tuesday.

“The process of normalizing policy, even once it begins,
will still leave unprecedented policy accommodation on the
table,” Bullard said in prepared statements ahead of a speech in
the Czech capital.

“The FOMC may not be willing or able to wait until all
global uncertainties are resolved to begin normalizing policy,”
he added, referring to the policymaking Federal Open Market
Committee.

Bullard, who is not a voting member on the Fed’s policy
setting panel this year, is seen as a centrist on the spectrum
of supporters and opponents of aggressive Fed actions to boost
the economy.

He said on Saturday the Fed should consider trimming its
$600 billion bond purchase programme given solid U.S. economic
data. [ID:nN27146855]
(Reporting by Jan Lopatka; writing by Michael Winfrey)

Fed may start tightening before global risks fixed-Bullard