The U.S. Federal Reserve is in a “very good” position to start reducing the pace of its bond buying program, St. Louis Fed President James Bullard told the Wall Street Journal in an interview published on Tuesday. “With the economy growing at 7% and the pandemic coming under better and better control, I think the time is right to pull back emergency measures,” Bullard said. He added the reduction in Treasury and mortgage bond purchases can start once the Federal Open Market Committee was ready. The minutes of the central bank’s June policy meeting, published last week, reflected a divided Fed wrestling with new ... (full story)