St.
Louis Fed President James Bullard told Reuters that if the
global financial market volatility continues until the central
bank's policy meeting in mid-September, the policy-making
Federal Open Market Committee would be hesitant to begin
tightening policy.
But Bullard said in the interview he still backs a rate hike
next month since the global stock selloff has not been "so
radical" to convince the Fed to change its policy pace. The Fed
could hike rates once then "hang out" at that level if inflation
remains too low, he added.
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)
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