St. Louis Fed President James Bullard on Friday said the Federal Reserve is not likely to change its outlook based on market turbulence. “I won’t deny it is a volatile period. It is a volatile period,” he told Bloomberg Television on the sidelines of the Jackson Hole event there. “But the key question for the [Federal Open Market] Committee is how much you want to change the outlook based on volatility we’ve seen the last 10 days, and I think answer to that is going to be not very much,” he said. Bullard, who’s been pressing for rate hikes, also said China is unlikely to export deflation to the U.S. Bullard is not a voter this year.
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