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The president of the Federal Reserve Bank of St. Louis James Bullard said today that we should not rush to raise interest rates at the next Fed meeting in August. He said the central bank should take a wait and see attitude after the British decision to withdraw from the European Union.
Dallas Fed President Robert Kaplan suggested that the central bank should gradually tighten monetary policy to return the economy to normal conditions. "We should try to give up soft policy we should do it gradually".
According to Kaplan, the preservation of a low interest rate creates an imbalance that is difficult to quickly discern.
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