Fed's Bullard Says Job Gains Point to Earlier Rate Hikes

Federal Reserve Bank of St. Louis President James Bullard said the U.S. central bank may begin tightening monetary policy earlier than officials previously expected, while Atlanta Fed President Dennis Lockhart urged more patience.

“The evidence is leading toward an earlier increase than would have been in the works earlier this year,” Bullard said in an interview on Bloomberg Radio in Jackson Hole, Wyoming, on Thursday. “Labor markets have improved quite a bit relative to what the committee was thinking.”

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