Bullard slams Fed’s 2012 policy


James Bullard, the president of the Federal Reserve Bank of St Louis, has criticised the Fed's policy choices in 2012, but said policy is now much more effective.

At a banking forum held by Mississippi State University on February 14, Bullard described the Fed's "Operation Twist", which ended in December, as "relatively weak". He added that date-based forward guidance was "somewhat counterproductive" as it had sent signals that the Fed expected the economy to remain weak into 2015.

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