(Reuters) - The U.S. Federal Reserve will not need to raise interest rates much more to keep inflation under control, St. Louis Federal Reserve President James Bullard said on Monday.
"I don't think this is a situation where we need to get a lot higher with the policy rate in order to contain inflation," Bullard told Bloomberg television, adding that currently rates are at "good level" relative to the economic environment.
(Reporting by Jason Lange in Washington; Editing by Chizu Nomiyama)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Oct 09, 2018 02:05:19 IST