Fed's Bullard: Fed can wait on further rate increases given "downside surprise" in recent data

Eren Sengezer FXStreet

"Central bank can wait on further rate increases given "downside surprise" in recent data," St. Louis Fed President James Bullard said on Friday.

Key quotes (via Reuters):

There is particular reason to doubt that inflation is returning to the Fed's target
GDP growth around 2 percent unlikely to change anytime soon
I see little evidence further declines in unemployment will do much to boost inflation
Given weak inflation Fed can "wait and see" how possible changes in fiscal, tax or regulatory policy change economic growth

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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