James Bullard, president of the St. Louis Federal Reserve, said in an interview with CNBC on Monday that there’s still a chance the central bank could raise interest rates at its October meeting. Reiterating comments from over the weekend, Bullard stressed he had not supported the Fed’s decision to leave rates at an all-time low at the meeting last week. Bullard did not get to vote at the meeting, but will be a voting member of the Fed’s policy committee in 2016. Market expectations currently point to no changes at the October policy decision, partly because there is no press conference after the meeting for Fed Chairwoman Janet Yellen to explain a potential move. In that regard, Bullard said in the interview with CNBC that he is an advocate of having press conferences after each meeting to avoid heavy pressure on some of the gatherings. Fed communications should be “smoothed out by making every meeting exactly the same,” he said. The Fed meets on Oct. 27-28.
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