Stocks Gain After Bullard Says Fed Should Consider Delay in Ending QE

(Updated - October 16, 2014 10:45 AM EDT)

Stocks pushed well off the lows shortly after 10:20 after the Fed's James Bullard told Bloomberg News that the Fed should consider a delay in ending QE, which is set to be eliminated at the end of this month.

Bullard said U.S. fundamentals remain strong and blames the recent market turmoil on the outlook in Europe. He said the outlook for the U.S. economy has not changed and said the hard data has been good.

He ties the delaying in ending QE to low inflation expectations. He sees 2.4% inflation by the end of 2015, then declining.

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