The president of the Federal Reserve Bank of St. Louis said he’s concerned that any more interest-rate increases could push the U.S. economy into a recession. “We’ve got a good level of the policy rate today” and there’s no urgent need to go higher, James Bullard, a voting member this year on the Federal Open Market Committee, said in an interview with the Wall Street Journal published Wednesday. The Fed is “bordering on going too far and possibly tipping the economy into recession” if rates are lifted, he told the paper. Bullard has been arguing, mostly unsuccessfully, for the Fed to hold off on rate increases ... (full story)