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Fed's monetary policy 'about right,' no more hikes needed: Bullard
The Federal Reserve’s most recent interest rate increase put monetary policy about where it should be, with no further hikes required in an economy where inflation remains weak, St. Louis Fed President James Bullard said on Thursday, pressing an argument he has made over the past two years. “The current level of the policy rate is about right,” Bullard said of the U.S. central bank’s current short term policy rate, which is set in a range of between 2.00 percent and 2.25 percent. “Maintaining the current level of the policy rate would be an appropriate policy,” for the foreseeable future. Policymakers ... (full story)
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