Fed’s Bullard says lowering of benchmark rate “may be warranted soon”

Federal Reserve Bank of St. Louis President James Bullard said Monday that a lowering of the central bank’s short-term target rate “may be warranted soon.” The Fed “faces an economy that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty,” he said in a speech to the Union League Club of Chicago.