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Fed's Bullard: Potential risk of a bubble as easing tapers

Bullard noted that in 2006, the housing prices had already started to peak at the same time the Fed was tightening its policy.

By Lisa Barron | Updated on March 27, 2014

St. Louis Federal Reserve Bank President James Bullard said Thursday that a bubble could form in the U.S. economy even as the central bank tapers its easing policy.

“I don’t see a major bubble right now, but one will form as we are trying to remove the accommodation in the years ahead, because that’s what happened in the 2004-2006 period,” he said at the Credit Suisse Asian Investment Conference in Hong Kong.

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