Fed Heads Disagree Over Monetary Policy

Not all on-board with expanding the money supply

Presidents of several regional Federal Reserve Banks have predicted improved economic growth in the United States over the next couple of years.

But there's some dissension in the ranks, with at least one Fed president offering a different take on the Federal Reserve's aggressive monetary policy and the impact it will have on longer-term U.S. economic health.

James Bullard, president of the Federal Reserve Bank of St. Louis, years in a speech to members of the Wisconsin Bankers Association in Madison last week projected real U.S. Gross Domestic Product growth of 3.2 percent in each of the next two years.