St Louis Fed chief says election has not changed near-term outlook

James Bullard, Federal Reserve of St Louis: might support rate rise at December FOMC meeting

The Federal Reserve of St Louis has an "unchanged" near-term forecast for the US economy despite a surprising election result, its president, James Bullard, told an audience in London today (November 16).

Bullard hinted he may support a rate rise at the December meeting of the Federal Open Markets Committee, of which he is a voting member.

Unemployment in the US was effectively at the bank's estimate of its long-run level, while inflation was "low but close to the 2% target and rising". Safe

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