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    18.02.2016 09:33 St. Louis Fed President James Bullard: the Fed should delay its further interest rate hikes

    St. Louis Fed President James Bullard said in a speech on Wednesday that the Fed should delay its further interest rate hikes due to recent turmoil in financial markets and low inflation.

     

    "I regard it as unwise to continue a normalization strategy in an environment of declining market-based inflation expectations," he said.

     

    Bullard noted that he expected a stronger U.S. economic growth and further improvement in the labour market.

     

    Bullard is a voting member of the Federal Open Market Committee (FOMC) this year.


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