Inflation-Fighting St. Louis Fed President Casts Dissenting Vote

Federal Reserve Bank of St. Louis building; Photo courtesy of Wikipedia
Federal Reserve Bank of St. Louis | Photo courtesy of Wikimedia Commons

Jim Bullard, president of the St. Louis Federal Reserve Bank, cast a dissenting vote on the Fed’s latest official statement. Bullard’s position is that the Federal Open Market Committee “should signal more strongly its willingness to defend its inflation goal in light of recent low inflation readings.” Stock prices have fallen since the committee’s vote and the Fed chairman’s comment about reducing the bond-buying program.

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