Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States, and that a rate hike in the summer would still leave policy extremely accommodative. "Zero is no longer the appropriate interest rate for the U.S. economy," Bullard said during a panel session at London City Week. Monetary policy would still be "extremely accommodative" even if the central bank began with a small increase in rates "sometime in the summer," he added. The Fed is inching towards its first interest rate hike in almost a decade.
via Business News http://ift.tt/1xuhk4e
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