Speaking to CNBC, St. Louis Fed chief James Bullard says the Fed's balance sheet relative to GDP is not "as high as some of these other central banks [which] gives us more room to maneuver." Bullard also notes the labor force participation rate "has been on a downward trend since 2000" and claims March's Nonfarm payrolls report doesn't change his projection for 7% unemployment by end of 2013. QE he says, should only be tapered in small "increments."
Speaking to CNBC, St. Louis Fed chief James Bullard says the Fed's balance sheet relative to GDP...
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