Economics
Bullard Warns of Asset Bubble Risk If Fed Keeps Rates Too Low
Fed's Bullard: Rates at Zero Not Right for U.S. Economy
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U.S. central bankers risk inflating another asset-price bubble if they keep interest rates too low as unemployment falls, said St. Louis Fed President James Bullard.
Bullard said the “die is already cast” for the jobless rate to drop below the Federal Open Market Committee’s estimate for full employment of 5.2 percent to 5.5 percent regardless whether the Fed raises rates.