4:24 PM » Fed's Bullard: Bond buying may last until 2015
WASHINGTON (MarketWatch) - The Federal Reserve may have to slow down the pace of its exit from its asset purchase program, extending it into 2015, said James Bullard, president of the St. Louis Federal Reserve Bank, on Friday, according to a Dow Jones Newswires. Bullard told reporters that recent soft economic data is pushing him to reconsider ending the asset-purchase program later this year. Most economists think the Fed is on course to steadily reduce the pace of asset purchases by a pace of $10 billion per meeting, which means the program could end by December. Bullard said the Fed hadn't set a hard and fast calendar date for the end of asset purchases, but was flexible based on the economic outlook. According to the minutes of the last Fed policy meeting in late January, only a few Fed officials were concerned enough about the soft data to raise the possibility of pausing from the steady taper pace. Bullard said he had advocated ending the asset purchases this year at the January meeting. He is not a voting member of the Fed's policy committee this year.