LONDON (Reuters) - Federal Reserve policymaker James Bullard said on Tuesday that zero percent interest rates were no longing appropriate in the United States and that a rate hike in the "summer" would still leave policy extremely accommodative.
"Zero is no longer the appropriate interest rate for the U.S. economy," Bullard said during a panel session at London City Week.
Monetary policy would still be "extremely accommodative" even if the central bank began with a small increase in rates "sometime in the summer," he added and predicted that the U.S. economy would grow at over 3 percent this year.
(Reporting by Marc Jones and Huw Jones)
