Fed's Bullard: Fed can wait on further rate increases given "downside surprise" in recent data
|"Central bank can wait on further rate increases given "downside surprise" in recent data," St. Louis Fed President James Bullard said on Friday.
Key quotes (via Reuters):
- There is particular reason to doubt that inflation is returning to the Fed's target
- GDP growth around 2 percent unlikely to change anytime soon
- I see little evidence further declines in unemployment will do much to boost inflation
- Given weak inflation Fed can "wait and see" how possible changes in fiscal, tax or regulatory policy change economic growth
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