St Louis Fed’s Bullard thinks Fed should hold

James Bullard

The flatter yield curve and moderate inflation indicate the Federal Reserve should not further increase interest rates, the president of the Federal Reserve Bank of St Louis said on September 4.

In an interview with Fox News, James Bullard said the economy is growing above potential at over 4% of GDP, and the expansion should slow down in the next quarters to around 2%.

Despite solid growth and low unemployment, Bullard thinks the Fed should keep the federal funds rate unchanged, due to the

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