LONDON (MNI) – The decision over relaunching quantitative easing at
the Fed’s November meeting is a “tough call”, and things can change
between now and then, James Bullard, president and CEO of the Federal
Reserve Bank of St. Louis, said in a CNBC interview.
Bullard said extra QE was “not a slam dunk”, in basketball
terminology, and the Fed members still had to rework their forecasts
before the November meeting.
Bullard described more QE as a “tough call” and asked to amplify on
this view said, “I think it is. Just trying to be as clear as I can be
about it.”
The markets are currently attaching a high probability to further
QE in November, but Bullard injected a note of caution.
“We have got some time between now and the meeting. Things can
happen, data comes in. All of us have to redo our forecasts, including
me, I haven’t done it yet,” he said.
–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com
dthomas@marketnews.com
[TOPICS: MMUFE$,MT$$$$,MI$$$$]
