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Fed's Bullard: Any signs of disinflation are 'tentative at best' but he's hopeful for 2023

Fed's Bullard: Any signs of disinflation are 'tentative at best' but he's hopeful for 2023
  • Leaving it up to Chair Powell on how large rate hikes should be at any given meeting, steps don't matter on a macro level
  • In terms of how long to stay high, can moderate based on incoming data
  • A minimum level for restrictive policy would be 5-5.25%
  • Once disinflation begins, it could proceed rapidly as businesses compete
  • Recent retail sales data suggests household spending cushion remains
  • October inflation data encouraging but could easily go the ot... Read More
Posted: Nov 17 2022, 14:45
Author Name: forexlive
Views: 102270

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