Bullard: Fed could hike interest rates next spring | Gold Eagle

Bullard: Fed could hike interest rates next spring | Gold Eagle

 The Federal Reserve Bank  is close to its goals of stable prices and maximum employment, and the country's central bank may look at increasing short-term interest rates in a "sooner rather than later" time frame, according to  James B. Bullard  , president and CEO of the Federal Reserve Bank of  St. Louis  .
Bullard, who has been the  Eighth District Federal Reserve Bank's  leader since  April 2008  , talked about the Fed's goals and policies as the main speaker Thursday for the "  Greater Owensboro  in 2065" summit at  Owensboro Health Regional Hospital  .
The Fed uses two main tools, short-term policy interest rates and quantitative easing in which the central bank buys government securities and mortgage-backed securities.
In the financial crisis, the bank lowered the short-term interest rate to zero and began making security purchases.