Current Fed bond purchases ‘appropriate’: St. Louis Fed’s Bullard

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(Reuters) – The ’s ongoing government purchases are “appropriate” for the ’s present situation, St. Louis Bullard said on Friday, the latest the Fed has no imminent plan to change its current program of buying $120 billion monthly in U.S. Treasury and mortgage backed securities.

“Right now we have a good policy in place,” Bullard said in comments to a panel on the sidelines of the International Monetary Fund meetings. “We have our (quantitative easing) program in place with a substantial amount of purchases. I think that is appropriate.”

Source: Investing.com

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