Economics

Bullard Says December Fed Hike May Have Slightly Overdone It

Says rates are in good place, if anything a little restrictive
China would boom if they agreed a trade deal with the U.S.

St. Louis Fed’s Bullard discusses the U.S. Economy and the trade war’s impact the farming community and Fed policy.(Source: Bloomberg)

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By Enda Curran and Rishaad Salamat

May 21, 2019 at 11:51 PM UTC

Updated on

May 22, 2019 at 7:22 AM UTC

This article is for subscribers only.

U.S. central bankers may have “slightly overdone it” by raising interest rates in December, though it’s premature to talk about a rate cut, said Federal Reserve Bank of St. Louis President James Bullard.

“Rates are at a good place in the U.S. right now, if anything we are a little restrictive I would say,” Bullard said in an interview with Bloomberg Television Wednesday in Hong Kong. “I am concerned we may have slightly overdone it with our December rate hike but I was pleased that the committee pivoted.”