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In an interview with Reuters, St. Louis Fed President Janes Bullard said that he would be open to a rate cut if the inflation was still low after summer.

“The Fed made a huge move in January by taking future rate cuts off the table. January policy change has helped bring down treasury yields, should boost inflation,” Bullard argued. “A rate cut during ‘boom times’ would show the Fed is serious on the inflation target,” Bullard further added. “The Fed policy is ‘little tight,’ it  should be careful.”