May 29, 2018 / 6:49 AM / 6 months ago

St. Louis Fed's Bullard: hard for Fed to raise rates when other c.banks are easy

TOKYO, May 29 (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Tuesday that it was difficult for the Fed to raise interest rates by a large margin when the Bank of Japan and the European Central Bank were pursuing accommodative policy.

Speaking to reporters on the sidelines of a seminar in Tokyo, Bullard also said the Fed had enough tools and policy options to respond the next time the U.S. economy fell into recession. (Reporting by Stanley White Editing by Chang-Ran Kim)

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