St. Louis Fed president James Bullard stopped by Business Insider to talk about the Fed’s decision not to raise rates in September. Bullard does not have a vote on the FOMC this year but argued against the decision to keep rates near zero.
The most notable part of Janet Yellen’s news conference was when she responded to a question by saying she couldn’t rule out keeping rates near zero forever. We asked Bullard why having a zero interest rate policy forever was a bad idea. He made a strong argument by pointing to Japan.
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