Fed risks being too aggressive on rate hikes, Bullard says

There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St. Louis Fed President James Bullard on Wednesday. "I think we are actually in pretty good shape for rates right now," Bullard said in an interview on Bloomberg. If conditions remain as they are "I would not see the policy rate moving very much off of where we are today." The Fed has been surprised how soft inflation has been this spring, the St. Louis Fed President said. The softer data call into question the Fed's story that inflation is gradually moving toward the Fed's......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/2vPHcvG
via IFTTT