The Federal Reserve's benchmark interest rate will need to be increased further to bring inflation down, said St. Louis Fed President James Bullard on Thursday.
The Federal Reserve’s benchmark interest rate will need to be increased further to a level high enough to bring inflation down, said St. Louis Fed President James Bullard, on Thursday.
In... The Federal Reserve’s benchmark interest rate will need to be increased further to a level high enough to bring inflation down, said St. Louis Fed President James Bullard, on Thursday. In his speech in Louisville, Ky,, Bullard said interest rates have not reached a level that could be justified as sufficiently restrictive, even with generous assumptions.
If inflation declines in the months and quarters ahead, then the policy rate might not need to go so high, Bullard said.Caution is warranted, however, as both markets and Fed officials “have been predicting declining inflation just around the corner for the past 18 months,” he noted.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Bullard: Policy not yet sufficiently restrictive to reduce inflationThe US Federal Reserve's (Fed) monetary policy is not yet in a range estimated to be sufficiently restrictive to reduce inflation, St. Louis Federal R
Read more »
Fed's Bullard: Even 'dovish' policy assumptions require further rate increasesEven under a 'generous' analysis of monetary policy the Federal Reserve needs to continue raising interest rates probably by at least another full percentage point, St. Louis Federal Reserve President James Bullard said, arguing that rate hikes so far 'have had only limited effects on observed inflation.'
Read more »
Treasury yields firmer after retail data points to stoic consumersAnother batch of Fed speakers is on the docket
Read more »
Mississippi man arrested after allegedly stealing plane, threat to crash into Walmart dies in federal custodyA Mississippi man who allegedly stole a plane and threatened to crash it into a Walmart died in federal custody on Monday afternoon, according to officials.
Read more »
Co-founder takes control of TuSimple amid federal probe into self-driving trucking companyTuSimple Holdings Inc. co-founder Mo Chen has taken control of the self-driving trucking company as federal authorities continue to investigate TuSimple’s...
Read more »
Iranian-backed hackers compromise federal government network to mine cryptocurrencyIranian-backed hackers broke into the network of a U.S. federal government agency and used that access to install cryptocurrency mining software, CISA said.
Read more »