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WASHINGTON Nike Air Max 97 Nederland , Aug. 7 (Xinhua) -- Federal Reserve Bank of St. LouisPresident James Bullard said on Monday that it's appropriate forthe Fed to keep the interest rate unchanged in near term in view ofthe low inflation.
"The current level of the policy rate is appropriate givencurrent macroeconomic data," said Bullard in a speech at aconference held by America's Cotton Marketing Cooperatives inTennessee on Monday.
He said the U.S. economy has been stuck in the 2-percent growthregime despite the improved growth in the second quarter.
"Second-quarter real GDP growth showed some improvement from thefirst quarter, but not enough to move the U.S. economy away from aregime characterized by two percent trend growth," saidBullard.
He expressed his concerns about the recent low inflation data."Recent inflation data have surprised to the downside and call intoquestion the idea that U.S. inflation is reliably returning towardtarget," said Bullard.
The Fed official also doubted the expectation that the tighterjob market could push up the inflation substantially. "Even if theU.S. unemployment rate declines substantially further Nike Air VaporMax Roze Nederland , the effectson U.S. inflation are likely to be small," said Bullard.
Fed Governor Lael Brainard also expressed her concerns about thelow inflation in recent months, and said that she would closelymonitor inflation conditions before making decision on furtherinterest rate hikes.
However, some other Fed officials downplayed the risks of lowinflation and supported the central bank to continue raise interestrates gradually. Enditem
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""Winning isn't everything, it's the only thing."" This oft-quoted line from -legendary Green Bay Packers coach Vince Lombardi should be required reading for LeBron James as he prepares for Game 6 of the NBA Finals.
James' Cleveland Cavaliers currently trail the Golden State Warriors 3-2 Nike Air VaporMax Wit Nederland , and Thursday night they face an elimination game in the most important -Finals -appearance of James' career. To date, his teams are 2-4 in these series, and -another loss would fuel his critics' claim that James is at his worst when the stakes are the highest.
It's a charge that's interesting, if not downright ironic. Since 2011, James has led his teams to six straight Finals -appearances Nike Air VaporMax Grijs Nederland , something no other NBA player has ever done. On one hand, it's a testament to his extraordinary physical skills that some people have accused him of underachieving despite that streak.
Championships, however, constitute a significant part of any elite athlete's legacy. Miami Dolphins quarterback Dan Marino's failure to win a Super Bowl follows him to this day, and for many years Nike Air VaporMax Rood Nederland , the PGA Tour's Phil -Mickelson was known as ""the best player never to win a major.""
Having already won two titles, James' reputation is probably more similar to Wilt Chamberlain's. Many fans view Chamberlain - whose teams were also 2-4 in the NBA Finals - as a loser when compared to Bill Russell, the crafty, team-first backbone of the Boston Celtics' 1960s dynasty.
James probably endures more -media scrutiny than any other player in the league, partly because of his talent. But he also craves attention Nike Air VaporMax Blauw Nederland , and seeking the spotlight through a Biblically themed -nickname, a 1-hour free agency -television special and a public prediction of eight NBA titles (before playing a single game for the -Miami Heat) have justifiably added fuel to the media firestorm.
Is James destined to go down in -history as one of the sport's -greatest -players? Absolutely. But unless his -record in the NBA Finals improves, that reputation will likely include an asterisk, which doesn't seem entirely unfair.
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