More comments crossing the wires from St. Louis Fed President James Bullard, as he continues to speak on the Fed’s monetary policy program at a workshop in Melbourne.
Key Headlines via Reuters:
US is in low-rate, low-productivity era, with no pressing need to raise interest rates
Fed can take wait-and-see approach to fiscal or tax changes under the trump administration, with no effect likely in 2017
No reason to raise the Fed's target interest rate any further until growth moves into a higher gear
Now a good time to reduce the size of the balance sheet
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