May
28
Bullard Warns Delaying Fed Rate Rise Boosts Asset-Bubble Threats
ByFederal Reserve Bank of St. Louis President James Bullard warned that keeping interest rates near zero risks inflating asset-price bubbles, saying officials should raise borrowing costs this year as the economy improves.
A prolonged accommodative stance is a “recipe for asset-price bubbles and a lot of mischief to happen,” Bullard said Thursday in a Bloomberg Radio interview from St. Louis. “Asset price bubbles have been a devastating feature for the U.S. economy in the last 15 years.”…
Bullard Warns Delaying Fed Rate Rise Boosts Asset-Bubble Threats
