Fed officials disagree on need for interest-rate hike in December

Federal Reserve officials disagreed Thursday about the need for more interest rate hikes. St. Louis Fed President James Bullard told Business Insider that there was "no hurry to raise rates" with inflation below target. But, in an interview with CNBC, Boston Fed President Eric Rosengren said he thought another interest rate would be appropriate in December. He said that the Fed had to consider how much asset prices are likely to go up if the central bank doesn't continue to raise rates at a gradual pace. Stocks are fully priced, the Boston Fed president said.

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