Federal Reserve Latest News: Fed Official Criticizes Announcement on Bond Buys

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Federal Reserve Latest News: Fed Official Criticizes Announcement on Bond Buys

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Federal Reserve Latest News: Fed Official Criticizes Announcement on Bond Buys

by Wochit 0:50 mins

Federal Reserve Latest News: Fed Official Criticizes Announcement on Bond Buys

by Wochit 0:50 mins

A Federal Reserve voting member says the Fed's decision to announce details about when it would trim its bond-buying program was "inappropriately timed." St. Louis Federal Reserve Bank President James Bullard says the Fed should have waited for more "tangible signs" that the economy was strengthening and inflation was closer to the Fed's 2 percent target. U.S. stock futures are rising, shaking off a jolt delivered to global markets by the Federal Reserve. The major indices fell more than 1%, tacking on to the previous day's losses, and volatility has come back with a vengeance as the market weighs the Fed's intention to wind down stimulus.

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