The Federal Reserve could raise interest rates as soon as March and is now in a 'good position' to take even more aggressive steps against inflation, as needed, after a policy reset last month, St. Louis Fed President James Bullard said on Thursday.
St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File PhotoWASHINGTON, Jan 6 - The Federal Reserve could raise interest rates as soon as March and is now in a "good position" to take even more aggressive steps against inflation, as needed, after a policy reset last month, St. Louis Fed President James Bullard said on Thursday.
The Fed "is in good position to take additional steps as necessary to control inflation, including allowing passive balance sheet runoff, increasing the policy rate, and adjusting the timing and pace of subsequent policy rate increases," Bullard said in prepared remarks to the CFA Society of St. Louis.An initial rate increase could be approved "as early as the March meeting ...
Inflation is now running at more than twice the Fed's 2% target, and Bullard said that the inflation "shock" experienced by the country means the central bank should be able to satisfy its inflation targeting goals now for several years to come.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability RisesBitcoin defends range support as Fed funds futures price in 61% probability of a March rate hike. Reports godbole17
Read more »
Hawkish Fed signals it may have to raise rates sooner to fight inflationA 'very tight' job market and unabated inflation might require the Federal Reserve to raise interest rates sooner than expected and begin reducing its overall asset holdings as a second brake on the economy, U.S. central bank policymakers said in their meeting last month.
Read more »
First Mover Asia: Bitcoin Falls Below $44K After Fed Minutes Release.Bitcoin fell below $44,000, after minutes of the U.S. Federal Reserve’s December meeting were released. MuyaoShen and DantesOutlookn report.
Read more »
Treasury Yields Fall as Investors Await Fed Meeting MinutesU.S. Treasury yields fell on Wednesday morning, with minutes from the Federal Reserve’s December policy meeting due out later in the day.
Read more »
Stock Futures Waver Ahead of Fed MinutesU.S. stock futures wobbled as investors awaited minutes from the Federal Reserve’s recent policy meeting in the hope of gleaning fresh clues about plans to wean markets off pandemic-era stimulus measures.
Read more »
Futures subdued as tech stocks extend fall; Fed minutes awaitedU.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve's December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
Read more »