Fed's Bullard repeats view of hiking 'now', cites asset bubble risk

April 15, 2015 1:03 PM

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Fed's Bullard repeats view of hiking 'now', cites asset bubble risk

WASHINGTON (Reuters) - Falling unemployment and an improving U.S. economy are evidence that the Federal Reserve should start raising interest rates, a top Fed official said on Wednesday, citing risks of asset bubbles if the central bank keeps rates too low for too long.

"A risk of remaining at the zero lower bound too long is that a significant asset market bubble will develop,” St. Louis Federal Reserve Bank President James Bullard said in prepared remarks.

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