Bullard Calls Raising Rates Unwise as Inflation Falls Short

  • St. Louis Fed leader cites declining inflation expectations
  • Asset-price bubbles aren't a worry amid turmoil, he adds

FOMC Minutes Show Fed Fears

Federal Reserve Bank of St. Louis President James Bullard said recent financial-market turmoil and a further decline in investors’ expectations for inflation have given the central bank scope to delay interest-rate increases.

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