Hawkish Fed Presidents Repeat Calls for FOMC to Raise Rates (News 13/11/15)

With Wall Street rattled by the prospects of higher interest rates, two Federal Reserve Bank Presidents argued loudly for a December rate hike during an event called ‘Rethinking Monetary Policy,’ held at the Cato Institute in Washington D.C. on Thursday. James Bullard, the President of the Federal Reserve Bank of St. Louis, said its time for liftoff. ‘I have been an advocate of ending the FOMC’s near­ zero nominal interest rate policy. My case is straightforward,’ said Bullard during a speech.

Source:: Hawkish Fed Presidents Repeat Calls for FOMC to Raise Rates (News 13/11/15)

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