Bullard Says It’s Time for Fed to Begin Raising Rates

  • Says Fed has met mandated goals, no reason for extreme policy
  • `Prudent policy' suggests edging rates toward normal: Bullard

Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank’s policy setting is “extreme” and it’s time to start moving the benchmark lending rate and balance sheet “toward more normal levels.”

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