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The Fed: Bullard says Fed may have to cut interest rates soon due to trade wars, low inflation

Reuters
St. Louis Federal Reserve President James Bullard say U.S. trade fights with China and Mexico could force the central bank to cut interest rates soon.

A top Federal Reserve official said the central bank might have to cut interest rates soon because of low inflation and the threat to the economy from President Trump’s festering trade fights with China and other countries.

James Bullard, president of the St Louis Fed, said the resolution of trade conflicts is likely to be more difficult than previously believed, a development that could chill business investment and add pressure on a U.S. economy whose growth has already waned since last year.

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