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Bullard: At this point, sees policy rate in the range of 5.25-5.50% as appropriate
- Says he's skeptical labor market will cool as much as some expect but inflation can still fall as businesses compete and expectations remain low
- Drop in long term yields is a vote of confidence inflation will fall
- I wouldn't rule out anything at upcoming Fed meeting
- Advocated for a half-point hike at the last meeting to get adequately restrictive
The market is taking this as hawkish but if Bullard isn't pushing for higher rates, who is? The comment abo... Read More
Posted: Feb 16 2023, 20:07
Author Name: forexlive
Views: 102169
