The Fed's James Bullard has stuck to his centrist credentials, giving reasons for the Fed both to prolong and taper QE. Markets have been volatile since Fed chairman Ben Bernanke suggested that QE could be tapered if data improves.
Referring to low inflation, he said that this could support prolonging inflation, while the improving jobs market data could give reason to begin winding down on asset purchases.
Bullard said that he's observed "limited" excessive risk-taking since 2009, and that inflation in the US has surprised to the downside.
Fed's Bullard hedges comments on jobs with inflation to leave markets none the wiser as to QE3 and potential tapering— Mike van Dulken (@Accendo_Mike) June 10, 2013