Ultra-low interest rates is "no longer appropriate for the US economy" – Fed’s Bullard

FXStreet (Mumbai) - Speaking at a bankers’ conference in London, St Louis Federal Reserve (Fed) President James Bullard repeating his urge to perform a rate hike sooner rather than later. All the conditions needed will set up the central bank to normalize its monetary policy during this year, he added.

Key Quotes:

The current period of ultra-low interest rates is "no longer appropriate for the US economy,"

On Monday, he warned that the US risks inflating asset price bubbles with "devastating consequences" if it leaves interest rates at zero.