St Louis Fed president may support rate increase
James Bullard, president of the St Louis Fed, has hinted strongly that he favours a single increase in the Fed's policy rate at the next meeting of the Federal Open Markets Committee (FOMC).
US unemployment and inflation rates were "close to their long-run values", Bullard told an audience in Arizona on December 5. Nonetheless, he said, "the St Louis Fed's rate path projection is much flatter than those of the rest of the committee". Bullard is currently one of eight voting members of the FOMC
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