Friday, October 17, 2014


Wall Street Journal | Grand Central: Hard to See Fed Following Bullard’s Lead
St. Louis Federal Reserve President James Bullard is an interesting figure at the U.S. central bank. He isn’t shy about taking out-of-consensus positions among Fed officials. At times this has made him look quite prescient. In the summer of 2010, for example, he openly expressed concerns about U.S. consumer price deflation and opined the central bank might need to launch a new bond buying program to avert it. Four months later the Fed started its second round of bond-buying, also known as quantitative easing, or QE2.