Bullard Says He May Push Back Forecast for Rate Increase
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Federal Reserve Bank of St. Louis President James Bullard said he may push back his forecast for an increase in interest rates this year because economic data hasn’t met his expectations.
“There is a spate of weaker data here,” Bullard said to reporters after a speech in St. Louis. “When I go to the next forecast round, I may be forced to push mine over to 2015 as well.”