In the Media | April 2015

Fed's Bullard Says "No Problem" with Hiking Then Returning to Zero

Reuters, April 15, 2015. All Rights Reserved.

(Reuters) – A top Federal Reserve official said on Wednesday that it's okay for the Fed to raise interest rates and then return to near-zero levels if the economic data shows that the central bank needs to retreat.

"I don't think there's a problem with that," St. Louis Federal Reserve President James Bullard said, referring to the issue of hiking rates soon and then lowering them shortly afterward if economic growth drops.

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