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12 Oct 2017 06:32 PM EST


The Federal Reserve may not need to raise interest rates much further, if at all, given an economy that remains wobbly and an inflation rate that has fallen short of the central bank’s target for five years running, St. Louis Fed President James Bullard
In an interview with Business Insider, Bullard expressed concern about the prospects for US economic growth after repeated disappointments in recent years.
"Interest rates probably don’t have to change much from where they are today," Bullard said. "We’re below target on inflation, it has surprised down this year, we don’t have to be in any hurry to raise rates in that environment."

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