Federal Reserve

Founded in 1913, the Federal Reserve is the central banking system for the United States.

St Louis Fed President James Bullard, who believes the pace of US rate increases is too aggressive for a still fragile US economy. Photo: Reuters

Fed official sees US rate increases as too much for fragile economy

The Fed’s expected plans for rate increases may be too fast for an economy that has shown recent signs of weakness, St. Louis Federal Reserve President James Bullard said on Friday, making the case for a continued go-slow approach as inflation progress stalls.