Fed goals greatly met, rates should increase – Bullard
March 21, 2016 4:32 am
St. Louis Fed President James Bullard reiterated the US central bank’s inflation and job goals have been hugely met and increasing interest rates further would be a prudent move.
In a prepared presentation to a monetary policy event in Frankfurt, Bullard said a workable policy means pushing the balance sheet and rate towards normal levels.
Bullard, one of the policymakers who voted to retain rates at the Federal Reserve’s two-day meeting, has recently voiced woes over a decline in inflation projections.
Although he said such projections have inched higher as of late, Bullard did not specify when the next rate hike should be implemented.
The material has been provided by InstaForex Company – www.instaforex.com
St. Louis Fed President James Bullard reiterated the US central bank’s inflation and job goals have been hugely met and increasing interest rates further would be a prudent move.
In a prepared presentation to a monetary policy event in Frankfurt, Bullard said a workable policy means pushing the balance sheet and rate towards normal levels.
Bullard, one of the policymakers who voted to retain rates at the Federal Reserve’s two-day meeting, has recently voiced woes over a decline in inflation projections.
Although he said such projections have inched higher as of late, Bullard did not specify when the next rate hike should be implemented.
The material has been provided by InstaForex Company – www.instaforex.com
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