Bullard Says He Argued Against Fed’s Call to Leave Rates on Hold

Federal Reserve Bank of St. Louis President James Bullard said he pushed against the central bank’s decision this week to delay an interest rate increase, because the economy has more or less fulfilled policy makers’ goals.

“The case for policy normalization is quite strong, since Committee objectives have essentially been met,” Bullard said in slides prepared for a speech in Nashville, Tennessee. “I argued against the decision at the FOMC meeting.”