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No need for preemptive Fed rate hikes; inflation tame: Bullard
March 31, 2017 / 4:12 PM / 6 months ago

No need for preemptive Fed rate hikes; inflation tame: Bullard

St. Louis Federal Reserve President James Bullard speaks at a public lecture on "Slow Normalization or No Normalization" in Singapore May 26, 2016. REUTERS/Edgar Su/File Photo

NEW YORK (Reuters) - The Federal Reserve does not need to be “preemptive” with its interest-rate hikes since inflation is “tame,” one of the central banks most dovish rate-setters said on Friday.

St. Louis Fed President James Bullard, addressing a students’ conference in New York, said he could back perhaps one more rate hike this year, but added: “This is not an environment that data is screaming at the Fed that it has to move.”

Reporting by Jonathan Spicer

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