U.S. interest rates can likely remain low through at least 2017, with no clear sense yet of whether the new Trump administration's policies will touch off higher inflation or growth, St. Louis Federal Reserve Bank President James Bullard said on Thursday. Bullard has said that the current target rate of between 0.5 percent and 0.75 percent is roughly appropriate for an economy stuck in a low-growth, low-inflation rut. That situation "has been many years in the making and is unlikely to turn around quickly," Bullard said in morning remarks at Washington University in St. Louis. "A relatively low policy rate will ... (full story)