Fed's Bullard: The time is right to pull back on stimulus measures

Dhwani Mehta FXStreet

In an interview with the Wall Street Journal (WSJ) on Tuesday,
St Louis Fed President James Bullard said that the time is right to pull back on stimulus measures.

Further comments

"We do want to do it gently and carefully."

"I think we are in a very good position to start a taper."

"A bit concerned that Fed is feeding a housing bubble."

"Don't think will have any trouble at all in meeting "substantial further progress".

"Does not expect Fed funds rate to be raised until late 2022.".

Market reaction

Amid hawkish comments from Bullard, the US dollar is testing highs, trading at 92.37, up 0.11% on the day. Focus remains on the US CPI.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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