Fed's Bullard: Fed does not have a vehicle for a large change to monetary framework
|Commenting on the Federal Reserve's monetary policy framework review, "The Fed does not have a vehicle for a large change to monetary framework," said St. Louis Federal Reserve bank president James Bullard on Thursday. "Ideas like average inflation targeting may come to influence policy debate but not so much that we are going to write it in stone."
These comments had no noticeable impact on the USD and the US Dollar Index was last down 0.16% on the day at 98.16.
"The Fed can reconsider whether to take back recent insurance cuts if and when businesses adjust to new trade landscape," Bullard noted on the policy outlook and said that he was hoping that rate cuts would help them achieve a "bit better" growth.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.