Fed's Bullard: Chair Powell will be very careful in his remarks

Additional comments from St. Louis Fed president James Bullard are crossing the wires as he gives an interview to Bloomberg on the sidelines at the Jackson Hole Symposium.

Key quotes

  • Chair Powell will be very careful in his remarks.
  • Markets are putting very high odds of September rate hike.
  • Think we are at or very close to neutral rate now.
  • Would rather not be calling rates accommodative now.
  • Inflation sluggish but Fed could move fast if needed.

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