Bullard Says Stronger Labor Market Supports Near Term Liftoff
- St. Louis Fed chief says jobs market largely normal now
- Financial stress and risks from China have declined: Bullard
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Federal Reserve Bank of St. Louis President James Bullard said a stronger labor market and reduced financial market stress are among the factors supporting the case for the Fed to raise rates for the first time since 2006.
“In October, the committee removed the key sentence citing global factors and suggested that the zero interest rate policy could be ended soon, depending on incoming data,” Bullard Friday in St. Louis. “The market-based probabilities of a near-term end to the zero interest rate policy have increased.”