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September 20, 2013 5:49 PM

Federal Reserve insiders see surprise decision on bond buying differently

St. Louis Federal Reserve Bank president James Bullard said he was dismayed that markets were surprised by the Fed’s decision, although he also said a cutback could come at the next Fed meeting Oct. 29-30. Esther George, his counterpart at the Federal Reserve Bank of Kansas City, saw the quick turn in financial markets as evidence of a missed opportunity that may hurt future Fed efforts.

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