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LOGAN, Utah (Reuters) – St. Louis Federal Reserve President James Bullard said on Monday he still expects the Fed to raise interest rates later next year, adding the U.S. economic recovery is on track despite a “mediocre” March jobs report.
“We haven’t done our (St. Louis Fed) forecast that’s coming next week but I don’t see a lot of change in our forecast,” Bullard told reporters. “The data has come our way.”
(Reporting by Debbie Hummel in Logan; Writing by Jonathan Spicer in New York; Editing by Andrew Hay)
