Weekend video! Federal reserve’s Bullard on ‘tapering’

There must have been a billion words spoken about ‘tapering’ since Wednesday, but here in this video from Thursday, in a minute and half, Bullard explains it. Perhaps now everyone can chill out a little:-)

James Bullard, president and CEO of St. Louis Federal Reserve Bank, explains that the scale of the Fed’s tapering, when it comes, will depend on data and might start very slowly to allow for a possible “reverse”.