Fed officials worry about overstimulating economy

08/28/2009 | Reuters

James Bullard and Jeffrey Lacker, presidents of the Federal Reserve banks of St. Louis and Richmond, respectively, warned that the Fed needs to focus on its exit strategy from emergency stimulus measures and be sure not to overstimulate the economy. "As we head to 2010, the Fed will shift its focus to implementing an exit strategy in order to avoid any potential inflation threats to the economy," Bullard said.

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