Bullard: Fed bond announcement 'inappropriately timed'

Jun 21, 2013, 4:04 PM EDT
President and CEO of the Federal Reserve Bank of St. Louis James Bullard poses during an interview at the Federal Reserve Bank of St. Louis in this June 8, 2011, file photo.
REUTERS/Peter Newcomb/Files

James Bullard, president of the St. Louis Federal Reserve Bank, criticized his colleagues' decision this week to have U.S. Fed chairman Ben Bernanke lay out a plan to reduce the central bank's bond buying. Markets fell sharply in the wake of Bernanke's comments. Bullard said the move was "inappropriately timed," and he worried that the Fed was risking its credibility as a force for price stability.