Bullard comments:
– Fed rates ‘can remain fairly low in 2017’
– Low real interest-rate regime is global phenomenon
– Shrinking balance sheet may mean not relying solely on rates to influence policy
Dovish stuff from Bullard but that’s not a surprise given he’s the outlier on the dot plot.
Fed’s Bullard: Sees little reason to change rates as Fed closes in on goals
ByAdam Button
Jan 12, 2017