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Head of St. Louis Fed says QE2 exit strategy a hot topic 

James Bullard, president of the Federal Reserve Bank of St. Louis, said the Federal Reserve System is likely to resurrect its controversial discussion on ‘how and when’ to make a clean exit from the Fed’s expansionary monetary policies by the end of this year. The monetary tools in the Fed’s toolbox so far have included a willingness to keep the federal funds rate close to zero and quantitative easing, a policy that allowed the Fed to buy up Treasury securities late last year and in the first six months of 2011.