WASHINGTON Nike Air Vapormax Flyknit 2 Scontate , Aug. 7 (Xinhua) -- Federal Reserve Bank of St. LouisPresident James Bullard said on Monday that it's appropriate forthe Fed to keep the interest rate unchanged in near term in view ofthe low inflation.

""The current level of the policy rate is appropriate givencurrent macroeconomic data,"" said Bullard in a speech at aconference held by America's Cotton Marketing Cooperatives inTennessee on Monday.

He said the U.S. economy has been stuck in the 2-percent growthregime despite the improved growth in the second quarter.

""Second-quarter real GDP growth showed some improvement from thefirst quarter, but not enough to move the U.S. economy away from aregime characterized by two percent trend growth Nike Air Vapormax Flyknit Scontate ,"" saidBullard.

He expressed his concerns about the recent low inflation data.""Recent inflation data have surprised to the downside and call intoquestion the idea that U.S. inflation is reliably returning towardtarget,"" said Bullard.

The Fed official also doubted the expectation that the tighterjob market could push up the inflation substantially. ""Even if theU.S. unemployment rate declines substantially further, the effectson U.S. inflation are likely to be small Nike Air Vapormax Nere Scontate ,"" said Bullard.

Fed Governor Lael Brainard also expressed her concerns about thelow inflation in recent months, and said that she would closelymonitor inflation conditions before making decision on furtherinterest rate hikes.

However, some other Fed officials downplayed the risks of lowinflation and supported the central bank to continue raise interestrates gradually. Enditem


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