Fed’s Bullard: Prospects for continued disinflation are good but continued vigilance is required
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Federal Reserve Bank of St. Louis President James Bullard recently published an analysis titled ‘Is Monetary Policy Sufficiently Restrictive?’ in which he compares the policy rate under the Taylor rule to the Fed’s policy rate. According to Bullard, “monetary policy is now in better shape after the rate hikes.”
“The prospects for continued disinflation are good but not guaranteed, and continued vigilance is required”, said Bullard.
Key takeaways:
Bullard’s words are having a muted impact on the market. The US Dollar is holding onto significant daily losses, driven by rising expectations of a potential pause at the Fed’s next meeting.
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