St. Louis Fed President James Bullard said Thursday that interest rates could stay low at least through the end of 2017, with the Federal Reserve under no pressure to lift rates unless the ongoing fiscal uncertainty is completely resolved.
His comments came after last week’s Federal Reserve meeting, in which the cabal left rates unchanged, as was roundly expected. The Fed next meets in March, but investors shouldn’t anticipate to see a rate hike then, either. From Reuters: