The president of the branch of St. Louis Federal Reserve’s James Bullard said Thursday that he expects high inflation to prove more persistent than many expect and that interest rates at their current levels may not be high enough to begin to reverse the upward trend in prices. In an interview with US network CNBC […]
Tag: Bullard
Bullard (Fed): I’m leaning towards a 0.75% rate hike in September – We need to reach 3.75%-4% by the end of the year
Its preference for a 75 basis point (0.75%) increase in the base rate against 50 bp. on behalf of the US Federal Central Bank, Federal Reserve, expressed the president of the St. Louis Fed branch, James Bullard. The member of the Federal Open Market Committee (FOMC), which makes decisions on the path of interest rates, […]
Bullard (Fed): Fed must act aggressively to fight inflation
The US Federal Reserve must act boldly to raise interest rates and curb inflation before higher expectations can be met, the president said. Louis Fed, James Bullard. “We must act directly and aggressively to reverse inflation and bring it under control, or we may suffer a decade of high and volatile inflation,” Bullard said during […]
Bullard: The Fed managed to ‘smooth’ the economy in 1994
The US Federal Reserve could raise interest rates rapidly this year and at the same time create the conditions for an “impressive” economy in the coming years if it manages to repeat the success of the tightening cycle it carried out in 1994, the president of St . Louis Fed, James Bullard as reported by […]
Bullard: The Fed is in danger of losing control of inflation expectations
The view that the Federal Reserve is in danger of losing control of US households’ inflation expectations was expressed on Wednesday by the President of the Fed of St. Louis, James Bullard. “I think we are on the verge of losing control of inflation expectations,” he said during a speech at the Memphis Economic Club. […]
Bullard (Fed): US growth is likely to continue at a better pace
The US economy is likely to continue to grow at a rate above the long-term trend for the next 18 months due to strong consumption, Fed member James Bullard said today, downplaying concerns that rising bank interest rates could lead to. In particular, according to Reuters, Mr. Boulard said that growth in the range of […]
Bullard (Fed): Inflation too high, to move quickly to a neutral stance
Inflation in the US is “too high”, the president of St. Petersburg stressed today. Louis Federal Reserve Bank, James Bullard reiterating his analysis for successive interest rate hikes to 3.5% by the end of the year in order to curb inflation expectations and slow down the price rally. “What needs to be done now is […]
Bullard: Fed needs to ‘brake’ economic activity to tame inflation
The Federal Reserve must put a “brake” on economic activity in order to deal with rising prices, James Bullard, chairman of the St. Louis Fed, said in an interview with the Financial Times on Wednesday. He added that it was “fantasy” to believe that the Fed could tame the fastest galloping inflation in the United […]
Bullard: The Fed needs to be more aggressive
The president of the Federal Reserve Bank of St. Louis, James Bullard said today that the tightening of monetary policy in the US should move quickly to stop the upward pressure on already high inflation, while reiterating his call for an increase in interest rates above 3% this year. “The Fed needs to be more […]
Bullard: The Fed needs to raise interest rates by more than 3% this year
The president of St. Louis Fed, James Bullard said today that the US Federal Reserve will have to raise its key interest rate by more than 3% – which means 12 interest rate hikes of 25 basis points at a time – to convince the public that it is determined in the fight against inflation, […]