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The Boston Globe

Business

Fed bank president cites missteps by policy makers

It isn’t every day you hear a top Federal Reserve official talk about the Fed’s missteps, but James Bullard, president of the Federal Reserve Bank of St. Louis did on Friday afternoon in Boston.

Bullard, speaking at Brandeis University’s annual Municipal Finance Conference, said his economic forecasts, as well as those of other Fed policy makers, have generally been too optimistic in the aftermath of the recession.

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