WASHINGTON, March 22 (Reuters) - The Federal Reserve's vow to keep benchmark interest rates low for an extended period limits the central bank's policy flexibility, James Bullard, president of the St. Louis Fed, said on Monday.
Bullard told CNBC television he sees job growth picking up soon as the economy emerges from its worst recession in over 70 years.
'It's not going to be a roaring recovery, but it will be a reasonable recovery,' Bullard said.
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(Reporting by Pedro Nicolaci da Costa and Andrea Ricci, Editing by W Simon ) Keywords: USA FED/BULLARD (pedro.dacosta@thomsonreuters.com; +1 202 898-8300; Reuters Messaging: pedro.dacosta.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bullard told CNBC television he sees job growth picking up soon as the economy emerges from its worst recession in over 70 years.
'It's not going to be a roaring recovery, but it will be a reasonable recovery,' Bullard said.
((For more stories on Fed policy go to))
(Reporting by Pedro Nicolaci da Costa and Andrea Ricci, Editing by W Simon ) Keywords: USA FED/BULLARD (pedro.dacosta@thomsonreuters.com; +1 202 898-8300; Reuters Messaging: pedro.dacosta.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.