James Bullard

4:34 pm
Wed August 14, 2013

St. Louis Federal Reserve President 'Fed Policy Has Been in Flux'

St. Louis Fed President James Bullard, left, speaks to the Rotary Club of Paducah on Wednesday, Aug. 14, 2013 at the Paducah Convention Center. Bullard discussed changes in the Fed policy and the ongoing debate about tapering quantitative easing, which is the purchasing of mortgaged-backed securities and US treasury securities to spur the economy.
Credit John Paul Henry

The St. Louis Federal Reserve President says the Fed continues to fine tune financial policies in the continued sluggish economy.

In comments today to the Paducah Rotary Club, President James Bullard said the Fed's lending rate will remain near zero until one of two thresholds are met -  the unemployment rate drops below 6.5 percent, or inflation reaches 2.5 percent.

Read more