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Fed’s Bullard does not think a half-point rate hike ‘really helps us’ -Reuters interview -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – James Bullard, President of St. Louis Federal Reserve Bank speaks during a lecture held in Singapore on October 8, 2018. REUTERS/Edgar Su/File Photo

(Reuters) – James Bullard, President of the St. Louis Federal Reserve said Tuesday that he supports raising rates at the U.S. central banks’ March meeting and possibly again in May. However, he resisted the notion of kicking off the tightening cycle by a half percentage point increase.

“I don’t think a 50-basis point hike really helps us right now,” Bullard said in an interview with Reuters carried on Twitter (NYSE:) Spaces https://twitter.com/i/spaces/1lPJqmADBNQJb.

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