Bullard: Will not speculate on December taper decision

  • Fed should keep it’s options open at every meeting
  • Would like to see inflation back up near Fed target before tapering
  • Inflation continues to run very low
  • Does not support ending open ended nature of QE or stating in advance the size of the asset purchase program ( a direct response to Charles Plosser earlier)
  • Plays down impact of gov shutdown on economic data, says it is always challenging to interpret “noisy” data
  • A reasonable assumption to see 3% growth in 2014
  • FOMC has a lot of room on the inflation front

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