March 31, 2017 / 4:09 PM / 10 months ago

No need for preemptive Fed rate hikes; inflation tame: Bullard

NEW YORK (Reuters) - The Federal Reserve does not need to be “preemptive” with its interest-rate hikes since inflation is “tame,” one of the central banks most dovish rate-setters said on Friday.

St. Louis Fed President James Bullard, addressing a students’ conference in New York, said he could back perhaps one more rate hike this year, but added: “This is not an environment that data is screaming at the Fed that it has to move.”

Reporting by Jonathan Spicer

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