March 31, 2017
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Real GDP has been growing about 2 percent, inflation is near the Fed’s 2 percent target and the unemployment rate hasn’t changed much in the past year and a half, St. Louis Fed President James Bullard noted during an interview on Fox Business. Although new fiscal policies could have an impact on growth, he said that the Fed can wait and see how these policies develop. He added that if growth or inflation starts to pick up, then the Fed could start raising the policy rate.