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Bullard Urges Fed to Drop ‘Patient’ to Provide Flexibility

St. Louis Federal Reserve President James Bullard Interview

St. Louis Federal Reserve President James Bullard Interview

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Federal Reserve Bank of St. Louis President James Bullard said that when central bankers meet next month, they should drop their declaration to remain “patient” on raising interest rates, giving them more flexibility to tighten in June.

“I would take it out to provide optionality for the following meeting after that,” Bullard said, responding to questions after a speech in Newark, Delaware. “It doesn’t mean we’re going to do anything. To have this kind of patient language is probably a little too strong given the way I see the data.”