Fed’s Bullard Says “No Problem” with Hiking Then Returning to Zero

(Reuters) – A top Federal Reserve official said on Wednesday that it’s okay for the Fed to raise interest rates and then return to near-zero levels if the economic data shows that the central bank needs to retreat.

"I don’t think there’s a problem with that," St. Louis Federal Reserve President James Bullard said, referring to the issue of hiking rates soon and then lowering them shortly afterward if economic growth drops.

Read more: http://www.reuters.com/article/2015/04/15/usa-fed-bullard-rates-idUSN9N0WC01O20150415