James Bullard of the St. Louis Fed he said on Friday, according to Reuters: “Markets have factored in the odds around a change in fiscal stance, as well as a more hawkish Fed, and expect inflation to be brought under control in the coming quarters and years.”
Featured Statements
“The Fed has considerable institutional credibility compared to that of the 1970s”
“The current situation in the US may fall under the rubric of credible disinflations, which do not have large costs of production.”
“Soft landing is feasible in the US if post-pandemic regime change is executed well.”
Market reaction
These comments do not appear to have a significant impact on the valuation of the US dollar. As of this writing, the Dollar Index was up 0.63% on the day, at 105.24.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
