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.
Market Watch 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.