Fed’s Bullard says bond purchases should be tapered quickly in case rate hikes are needed

(CNBC)St. Louis Federal Reserve President James Bullard advocated Tuesday for the central bank to be aggressive as it starts winding down its monthly bond-buying program in case inflation becomes a larger problem. The Fed official said he thinks it’s a 50-50 chance that the current inflation pressures are transitory, so policymakers have to be ready.

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