James Bullard, President of the Federal Reserve Bank of St. Louis, speaking at a Macro/Finance Workshop, quoted via Bloomberg TV, notes that interest rate does not have to be raised all that much.
Key Quotes
2% growth about what to expect this year in the US
Jobs report consistent with 2% growth
need balance sheet normalisation to allow the long end to adjust
Thinks inflation will stay around where it is now
jobs growth around 100K is consistent with trend
Federal Reserve has been predicting a slowdown in jobs growth
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