St. Louis Fed President James Bullard told CNBC
he argued at a Fed policy meeting in July that the central bank
should not describe underutilization of labor market resources
as "significant," and that there was a risk it could raise rates
too slowly over the next few years.
"If we go very slow, very gradual are we going to get another
housing bubble and a big disaster on our hands?" he said.
(Reporting by Jason Lange in Washington; Editing by Chizu
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