St. Louis Federal Reserve President James Bullard comments on U.S. interest rates during an interview with Bloomberg's Kathleen Hays on "Bloomberg Markets." (Source: Bloomberg).
- Fed’s Bullard: sees oil prices staying at current levels ‘for a while’ - BBG TV
- Fed’s Bullard: need to see upside surprises to support further hikes – BBG TV
- Fed’s Bullard: need to see upside surprises to support further hikes – BBG TV
- Fed’s Bullard: pretty close to neutral rates today – BBG TV
- Fed’s Bullard: yield curve has a nice slope, currently no danger of invested yield curve - BBG TV
“If we start going up from here we are going to get into restrictive territory,” Bullard said in a Bloomberg Television interview. “Do we really want to do that when inflation expectations are already hovering below our target for the next five years?”
Most Fed members and Bullard's colleagues believe at least two more rates hikes are appropriate for the rest of 2018 with the unemployment rate now at 3.9 percent while inflation is edging up toward the Fed’s 2-percent target.
About James Bullard
James Bullard is the President of the Federal Reserve Bank of St. Louis. Dr. Bullard took office on April 1, 2008, as the twelfth chief executive of the Eighth District Federal Reserve Bank, at St. Louis. He is currently serving a full term that began March 1, 2011. In 2013, he serves as a voting member of the Federal Open Market Committee.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.