Fed's Bullard sticks to one rate hike call
The US central bank would only need to tighten policy once more over the next two to three years, a top policymaker said.
In remarks prepared for a speech, the president of the Federal Reserve bank of St.Louis, James Bullard, reiterated his pre -election view that America's economy would continue to be in a low-interest rate regime possibly for between two to three years.
Rate-setters could then stay on hold until such time as growth, inflation, productivity and other aspects shifted to a new regime.
"If there is a change of regime, monetary policy would have to adjust," Bullard added.
The central banker made no reference to the results of the 2016 elections.