Bigger rate hike needed if Fed waits too long – Fed’s Bullard

FXStreet (Mumbai) - James Bullard, president of the Federal Reserve St. Louis., in an interview to CNBC, said that the Federal Reserve risks falling behind the curve it it waits too long before raising rates and that such a situation would warrant a more aggressive rate hike in the future.

Bullard also added rate hike is data dependent, and the strength in the US dollar in recent months has been due to the European Central Bank’s policies. The policy maker also said that US end-2015 GDP is seen at 3.00%.