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Fed's Bullard says sticking with idea of single rate hike

Reuters

LONDON (Reuters) - St. Louis Federal Reserve Bank President James Bullard said on Thursday he was sticking with his view that the U.S. central bank needed to make a single increase to interest rates.

"I would stick with it for now because I don’t see Brexit having material impact on the U.S. over the next two years based on the data I have today," Bullard told reporters after making a speech in London.

He said the impact on the United States of Britain's vote to leave the European Union was "statistically in the neighborhood of zero" although there was uncertainty around the outcome.

(Writing by William Schomberg; Editing by Diane Craft)

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