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Fed's Bullard wants to pause rate hikes, Mester does not
The Federal Reserve should stop raising interest rates now because the economy is showing no signs of inflation surging and is expected to slow next year after the effects of fiscal stimulus wear off, St. Louis Fed President James Bullard said Friday. “If it was just me I’d stand pat where we are and I’d try to react to data as it comes in,” Bullard told CNBC at an annual central bankers’ conference in Jackson Hole, Wyoming. “I just don’t see much inflation pressure.” In a separate interview with CNBC, Cleveland Fed President Loretta Mester took the opposite view, saying she still thinks raising rates ... (full story)
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