Federal Reserve Bank of St. Louis President James Bullard said the Federal Open Market Committee minutes released yesterday were no longer as relevant because the U.S. economy has picked up in the past month. “The minutes are a bit stale,” Bullard said in a CNBC interview. “We have some data since then that is stronger.” Bullard said he opposed a new asset program right now. “It would be unusual for the Fed to take action based on this data constellation,” he said. U.S. equity markets are “looking at all-time highs.” Many Federal Reserve policy makers said additional stimulus would probably be needed soon unless the ... (full story)