Fed's Bullard: Fed will be much less pre-emptive about hiking rates – Bloomberg
|Speaking in an interview with Bloomberg, CEO of the Federal Reserve Bank of St. Louis, James Bullard, says that the Fed will be much less pre-emptive about hiking rates.
Key comments
Bullard said that he supported the FOMC decision last week.
Bullard expects that the Bank's new approach to lifting inflation will work.
Bullards said that the Bank will be much less pre-emptive about raising rates.
Bullards said there may be enough fiscal aid in the pipeline for recovery.
Market implications
Markets have already priced in the stance at the Fed that will help to ensure plentiful USD supply.
Fed Chairman Powell appears before the House Financial Services panel tomorrow with US Treasury Secretary Mnuchin, and Powell will also appear before the House Panel on COVID-19 on Wednesday.
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.