The US Federal Reserve could start raising interest rates in March, St. Louis Fed Chairman James Bullard said on Thursday.
“The Federal Open Market Committee could start raising interest rates as early as the March meeting to tackle inflation more effectively,” Boulard told the CFA Society of St. Louis.
While loose policy arrangements remain largely intact today, at its December meeting the Fed “shifted to more directly combat inflationary pressures,” Bullard said.
Another possible step, Bullard added, would be for the Fed to start shrinking its 8.8 trillion balance sheet. “in order to reduce monetary easing at the appropriate pace”.
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Source From: Capital
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