James Bullard, president and CEO of the Federal Reserve Bank of St. Louis, speaks during the National Association of Business Economics' Economic Policy Conference in Washington, D.C., on Feb. 26, 2018.its benchmark interest rate another quarter percentage point to a range of 4.5% to 4.75% and signaled that a "couple more" increases are on the table this year. That followed a half-point increase at a December meeting and four consecutive 75-basis-point moves.
Bullard said the risk of policymakers moving too slowly to raise rates is that inflation remains uncomfortably high or rebounds, mimicking aJerome Powell, chairman of the U.S. Federal Reserve, arrives at a news conference in Washington, D.C., on Sept. 21, 2022. "If inflation continues to come down, I think we’ll be fine," Bullard said. "Our risk now is inflation doesn’t come down and reaccelerates, and then what do you do? We are going to have to react, and if inflation doesn’t start to come down, you know, you risk this replay of the 1970s ... and you don’t want to get into that. Let’s be sharp now, let’s get inflation under control in 2023.
Minutes released from the Fed's Jan. 31-Feb. 1 meeting on Wednesday show that a number of policymakers are worried an "insufficiently restrictive" policy stance could "halt recent progress in moderating
$fox $foxa
never in his life has he done any work in private industry and he is apperently one of the 7th most influential economist in the world. bravo👏