Fed’s Bullard: We have a serious inflation problem in US
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
St. Louis Federal Reserve Bank President James Bullard said on Tuesday that they have a serious inflation problem in the US, as reported by Reuters.
“The credibility of inflation targeting regime is at risk,” Bullard added and argued that they must no recreate the volatile 1970s era. “The labor market is very strong, this gives us room to take care of inflation as soon as we can.”
These comments were largely ignored by market participants and the US Dollar Index was last seen losing 0.3% on the day at 113.76.
“US policy rate arguably now in restrictive territory.”
“More rate rises to come in future meetings.”
“Strict comparisons with Volcker are inappropriate now.”
“Likely peak for policy rate is around 4.5%.”
[/s2If]
Join Our Telegram Group
