Something went wrong with the connection!

Newhampshire News Online

Fed’s Bullard: It no longer makes sense to keeps interest rates at 0%

Fed’s Bullard: It no longer makes sense to keeps interest rates at 0%

Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States and that a rate hike in the “summer” would still leave policy extremely accommodative.635621931132204727-Online-Federal-Reserve-0128

“Zero is no longer the appropriate interest rate for the U.S. economy,” Bullard said during a panel session at London City Week. Bullard is the president of the St. Louis Fed, and is an alternate member of the FOMC but is not a voting member in 2015.

Monetary policy would still be “extremely accommodative” even if the central bank began with a small increase in rates “sometime in the summer,” he added and predicted that the U.S. economy would grow at over 3 percent this year. Bullard’s comments come after Fed vice chair Stanley Fischer said in New York on Monday that it will likely be appropriate for the Fed to begin raising interest rates at some point this year.

Calendar

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930