Fed central banker currently considers bond purchases to be appropriate

James Bullard

The US central banker considers the Fed’s bond purchases to be appropriate.

(Photo: Bernd Roselieb for Handelsblatt)

Washington The Fed’s current bond purchases are in line with the current economic situation from the perspective of one of its senior members. “Right now we have a good monetary policy,” said the head of the St. Louis Fed branch, James Bullard, on Friday on the sidelines of the autumn meeting of the International Monetary Fund (IMF). “We have our program running with a significant volume of purchases. I think that’s appropriate. “

Bullard’s remarks are the latest signal that the Fed has no plans for the time being to change its $ 120 billion monthly purchases of government bonds and other paper. The next interest rate meeting of the US monetary authorities is scheduled for November 4th and 5th after the US election on November 3rd.

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