federal_reserve

St. Louis Fed head James Bullard says rates could rise in early 2015, reports Business Insider, citing a Bloomberg radio interview with Bullard.

Read: Fed must stick with jobs mandate

He also predicts that the U.S. unemployment rate will drop to 6% by the end of the year. Bullard also said he’s more optimistic in his predictions than some of his colleagues, who forecast later rises.

In an earlier interview conducted in the last week of March, Bullard said the Federal Open Market Committee had not yet discussed when to begin raising the interest rate.

Read more here, here and here.

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Originally published on Advisor.ca

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