May 29, 2018 / 6:53 AM / 3 months ago

St. Louis Fed's Bullard: hard for Fed to raise rates when other central banks are easy

TOKYO (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Tuesday that it was difficult for the Fed to raise interest rates by a large margin when the Bank of Japan and the European Central Bank were pursuing accommodative policy.

Speaking to reporters on the sidelines of a seminar in Tokyo, Bullard also said the Fed had enough tools and policy options to respond the next time the U.S. economy fell into recession.

Reporting by Stanley White; Editing by Chang-Ran Kim

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