Yellen likely repeated market views on rate hike timing: Fed's Bullard

WASHINGTON Fri Mar 21, 2014 2:55pm EDT

Federal Reserve Chair Janet Yellen addresses a question at a news conference following the March 2014 Federal Open Market Committee meeting, while at the Board of Governors of the Federal Reserve System in Washington, March 19, 2014. REUTERS/Larry Downing

Federal Reserve Chair Janet Yellen addresses a question at a news conference following the March 2014 Federal Open Market Committee meeting, while at the Board of Governors of the Federal Reserve System in Washington, March 19, 2014.

Credit: Reuters/Larry Downing

WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen was likely just repeating the views of private analysts and investors when she said the central bank could raise interest rates six months after ending a bond-buying program, a top policymaker said on Friday.

"On the 'considerable period' being six months, the surveys that I had seen from the private sector had that kind of number penciled in," St Louis Federal Reserve President James Bullard said during a lunch with journalists. "That wasn't very different from what we had heard from financial markets. So, I just think she's just repeating that."

Bullard's remarks were the first by a Fed policymaker since Yellen made her comments on Wednesday.

(Reporting by Jason Lange; Editing by Paul Simao)

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