Fed's Bullard says not committed on rate increase timing

August 17, 2016 2:52 PM EDT

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

ST. LOUIS (Reuters) - St. Louis Federal Reserve Bank president James Bullard said he does not put much importance on when the Fed next raises interest rates, but prefer it come after positive news and in particular evidence that economic growth is rebounding from its weak start this year.

"I think you would want to see at least modest rebound in growth or be confident that one was coming," Bullard said. "I like to move on good news."

(Reporting by Howard Schneider; Editing by Chizu Nomiyama)

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Fed, Reuters

Related Entities

James Bullard

Add Your Comment