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WASHINGTON, 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 towardtarge