Fed’s Bullard Calls for Gradually ‘Edging’ Rates Higher

October 13, 2015 Share Print 0

The Federal Reserve should gradually raise interest rates, said James Bullard, the president of the St. Louis Fed, on Tuesday. “Prudent monetary policy suggests gradually edging the policy settings closer to normal, since the goals have been met and policy would still remain very accommodative,” Bullard said in a speech to the National Association for Business Economics in Washington.

The accommodative stance “will provide plenty of insurance against any remaining risks to the U.S. economy,” he said. Bullard will be a voting member of the Fed policy committee in 2016.

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Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.