Fed's Bullard (moderate, non voter): Should evaluate a delay in ending the QE program; Fed needs to halt the decline in inflation expectations - press interview
- As of today, wouldnt change economic forecast or rate outlook
- Have always said that the QE program should respond to economic environment
- Recent turmoil in markets could be attributed to the Europe economic outlook
- If economy is strong, QE could be ended in December
- Reminder: earlier this month Bullard commented that there was concern about the diconnect between market expectations and the Fed's own projections on rate path. and in late August commented that the Fed Funds rate needs to be hiked in Q1 2015