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Fed president James Bullard tells us why he disagrees with his colleagues about the need for more rate hikes





St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015.  REUTERS/Lucas Jackson

WASHINGTON, DC – The Federal Reserve may not need to raise interest rates much further, if at all, given an economy that remains wobbly and an inflation rate that has fallen short of the central bank’s target for five years running, St. Louis Fed President James Bullard said.

In an interview with Business Insider, Bullard expressed concern about the prospects for US economic growth after repeated disappointments in recent years.

Unlike many of his colleagues, who are forecasting several interest rate increases in 2018 and 2019, Bullard wonders whether the Fed’s monetary tightening might actually be complete after just four one-quarter point read more >>>

Source:: BusinessInsider.Com

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