Fed's Bullard: may not be enough new data to convince policymakers to hike in October
ST. LOUIS (Reuters) - St. Louis Federal Reserve bank President James Bullard said on Friday it is not clear other policymakers will have enough new data in hand by October to support a rate hike, suggesting the liftoff decision won't happen until December.
Bullard thinks the Fed should have raised rates at its September meeting.
"It is not clear what kind of data we could get in October to support my position relative to December," said Bullard, noting that it is difficult for policymakers to make a hotly debated call at one meeting then shift course at the next.
(Reporting by Howard Schneider; Editing by Meredith Mazzilli)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- iShares 20+ Year Treasury Bond ETF (TLT) call put ratio 2.8 calls to 1 put on low option IV
- Russian forces attacking infrastructure near Dnipro city, regional governor says
- Morning Bid: Yen wary of holiday calm as Q1 curtain falls
Create E-mail Alert Related Categories
Fed, ReutersRelated Entities
James BullardSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!