In an interview with Bloomberg Markets, St. Louis Federal Reserve President James Bullard says the central bank has a “base case” to raise interest rates in 2015. “I’d like to normalize,” Bullard said as long as economic indicators don’t signal a slowdown.
“The jobs numbers are very good,” said Bullard. “In the next six months or so… we should be down in the 4% range on unemployment… it doesn’t get any better than that.”
At those levels, zero percent interest rates is a “recipe for trouble,” adding that he worries about asset bubbles.