February 22, 2019 / 5:57 PM / 20 days ago

Fed's Bullard says not ready to call for a rate cut: Fox Business

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo

(This Feb 22. story has been refiled to say ‘a’ rate cut not ‘another’ rate cut in first paragraph and headline)

WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday said he was not expecting a rate cut in 2019, but added that the U.S. Federal Reserve will see how the U.S. economy progresses this year.

“We’ve got inflation well under control here and we don’t need to be preemptive in trying to control inflation going forward,” Bullard said in an interview on Fox Business Network.

Reporting by Susan Heavey and Tim Ahmann; Editing by Chizu Nomiyama

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