Federal Reserve Bank of St. Louis President James Bullard said the Federal Open Market Committee minutes released yesterday are 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 opposes a new asset-purchase program right now. In contrast, many Fed policy makers said additional stimulus would probably be needed soon unless the economy shows signs of a durable pickup, according to minutes of their most recent meeting released yesterday.
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