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If Inflation Keeps Falling, Buy More Bonds: Fed's Bullard

Saturday, April 20, 2013 - 6:18 AM
The Federal Reserve should buy bonds if inflation continues to fall, a top Fed official said on Wednesday, stressing the U.S. central bank needs to prevent inflation from being too far below its target.

Still, St. Louis Fed President James Bullard cautioned that more monetary policy accommodation is not yet needed and said he does not currently fear deflation.
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