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Fed's Bullard - watching bond yields closely
April 5, 2012 / 2:37 PM / 6 years ago

Fed's Bullard - watching bond yields closely

ST. LOUIS, April 5 (Reuters) - The recent rise in bond yields, while not currently problematic, could spur the Federal Reserve into tightening policy if it became clear that development signaled an inflation risk, a top Fed official said on Thursday.

The Fed is currently taking “a lot of risks” with its very easy monetary policy, St. Louis Fed President James Bullard told reporters after a speech.

“If the economy started to be a lot stronger, people might put two and two together and say that, ‘Maybe we’re going to get a lot of inflation.’ In that situation, the Fed’s got to be ready to take action,” he said.

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