September 25, 2019 / 7:53 PM / 22 days ago

Trump impeachment inquiry not a problem for the Fed -Bullard

Sept 25 (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Wednesday he does not expect the impeachment inquiry into President Donald Trump to affect how the Fed conducts monetary policy.

Bullard said in an interview with CNBC that Fed officials are used to dealing with political uncertainty as a backdrop to policy deliberations. “This doesn’t sound all that different to me,” he said.

Bullard, who dissented on the Fed’s rate reduction last week because he favored a deeper cut, also reiterated his view that the Fed’s target rate should be reduced by an additional quarter of a percentage point by the end of this year. (Reporting by Jonnelle Marte Editing by Leslie Adler)

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