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08.12.2015 09:59 St. Louis Fed President James Bullard: the Fed will focus on inflation once it starts raising its interest rate

St. Louis Fed President James Bullard said on Monday that the Fed will focus on inflation once it starts raising its interest rate.

 

He noted that inaccurate Fed forecasts of growth, employment and inflation led to the delay of an interest rate hike by the Fed.

 

"Negative surprises with respect to real GDP growth and inflation carried more weight during this period than the positive surprises on labour market performance," Bullard said.



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