Fed’s Jefferson, Bullard defend current monetary policy, cite high inflation

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Reuters came out with the statements from Fed Governor Philip Jefferson and St. Louis Fed President James Bullard during the weekend, who spoke at a monetary policy conference at the Hoover Institution on Friday. While both the policymakers tried to defend the current monetary actions of the US Federal Reserve (Fed), their inflation outlook keeps the US Dollar buyers hopeful.

Also read: EUR/USD licks its wounds around 1.0850 with eyes on EU economic projections, US debt ceiling talks

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