Fed's Bullard: Will get more agressive in pushing FOMC to lower rates

Eren Sengezer FXStreet

In an interview with German daily Handelsblatt, James Bullard, president of the St. Louis Federal Reserve, said that he was worried about low core inflation and added that he would get more aggressive in pushing the FOMC to lower the policy rate if the softness in inflation were to become persistent.

"On the inflation part of our mandate our preferred measure of inflation which is core PCE inflation is only running at 1.6 percent year-over-year," Bullard explained. "This is a concern to me. I do think that this number plus relatively low inflation expectations warrant attention from the FOMC."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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