St. Louis Fed President James Bullard on Tuesday said he has one more interest-rate hike “penciled in” for 2019 but said he wasn’t sure it would be needed. In a luncheon speech and in interviews with reporters, Bullard didn’t seem ready to pull the trigger quickly on another easing step. He wants to see how the economy responds to the quarter-point cut approved last week.The Fed’s interest-rate committee next meets in mid-September. He said he wasn’t going to provide forward guidance about September or any other FOMC meetings going forward. The St. Louis President said the Fed has eased policy by the equivalent of ... (full story)