FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo/File Photo
- St. Louis Federal Reserve President James Bullard on Friday said the Fed’s policy rate is “a little tight” and that current readings of inflation are uncomfortably low. Bullard, one of the central bank’s biggest policy doves, also told CNBC that aside from soft inflation, the U.S. economy is performing very well, and gross domestic product growth this year could reach 2.5%.
Earlier on Friday, the U.S. Labor Department reported that 263,000 jobs were created last month, well above forecasts.
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Wall St. gains as soft inflation data supports accommodative FedU.S. stocks edged higher on Monday, with the S&P 500 and the Nasdaq hitting reco... 1929
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Fed's Bullard says interest-rate policy is a 'little bit tight'St. Louis Fed President James Bullard said Friday that monetary policy seems 'a little tight,' but said he wasn't pushing for a quick policy...
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