Fed's Bullard: Higher rates should be used against macro bubbles

FXStreet (Bali) - James Bullard, President of the Federal Reserve Bank of St. Louis, and a voting member for 2016, is giving a speech, noting that the Fed should use higher rates to protect against a macroeconomic bubble, adding that low interest rates tend to feed asset bubbles. Finally, Bullard also drew a resemblance between the tech stock bubble and today's SP500 levels, noting that concerns have resumed, but companies in sector are stronger than in late 1990s.