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July 1, 2016
St. Louis Fed President James Bullard said that the Fed’s mandates have essentially been met, judging by the current values for inflation—as measured by the Dallas Fed’s trimmed-mean inflation rate—and for unemployment. By keeping interest rates a little bit higher than they are now, unemployment and inflation will probably remain at these values for the foreseeable future, he said during an interview on Bloomberg Radio’s “The First Word,” in London.
During the interview, he also discussed his forecast for U.S. output growth and his views on monetary policy decisions being data-dependent.