Fed's Bullard: Time to end emergency measures
|In an interview with Bloomberg TV on Thursday, St. Louis Fed President James Bullard argued that it's clear that some of the higher inflation will be temporary.
Additional takeaways
"Some part of the gain in inflation could hang on into 2022."
"Don’t want to put taper on automatic pilot once tapering begins."
"It is time to end these emergency measures."
"It will be a challenge to keep inflation expectations in check."
Market reaction
The USD continues to perform its major rivals following these remarks. As of writing, the US Dollar Index was up 0.2% on a daily basis at 92.55.
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.