Economics
Bullard Says China Shouldn’t Keep Fed ‘on Pins and Needles’
Should the Fed Warn China About an Impending Rate Hike?
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Federal Reserve Bank of St. Louis President James Bullard said risks associated with disappointing Chinese economic growth aren’t going away and that such worries shouldn’t keep the U.S. central bank from pursuing the best monetary policy for the country.
The world’s No. 2 economy has “many things going on and there are many challenges that they face,” Bullard, who votes this year on the policy-setting Federal Open Market Committee, in response to a question after giving a in Singapore. His prepared comments were a repeat of those he delivered Monday in Beijing.