September might be a good time to raise rates, Fed's Bullard says

September might be a good time to raise interest rates, the president of the Federal Reserve bank of St.Louis told CNBC.

The broadcaster also reported that James Bullard refused to talk about an exact timetable.

It would be best to wait for good news on the economy before raising interest rates again, later reports cited him as having said.

In remarks to CNBC, St.Louis Fed president James Bullard reportedly reiterated his forecast for just one interest rate hike over the coming two-and-a-half years.

He reportedly also said he was "agnostic" about when to raise rates.

Of interest, he thought the Fed's current forecast for a larger number of rate hikes, even if gradual, was damaging its credibility and affecting pricing in foreign exchange markets.

“I think that it is hurting our credibility. By the end of this year, we’ll be two years into the process since [quantitative easing] ended, maybe have moved twice at this point. So I think that is affecting global pricing. You’ve got this policy divergence story that has been in FX markets for a long time here,” he said.

“We want to line that up better with a more realistic assessment of what is going to happen over the forecast horizon.”