Bullard says Fed may need to tighten ‘sooner rather than later’ FOMC closer to goals than during most of the past 50 years Policy far from normal even as economy near FOMC goals Labor force participation may fall further There … Continue reading
I had the headlines earlier: Federal Reserve likely to raise rates sooner than investors expect Sees 3% growth rate through the rest of this year Ssays markets should heed Fed’s grwoth forecasts Unemployment could fall below 6% in the next … Continue reading
Comments crossing the Bloomberg terminal from head of the St. Louis Federal Reserve James Bullard, in a telephone interview: Federal Reserve likely to raise rates sooner than investors expect Sees 3% growth rate through the rest of this year Ssays … Continue reading
Federal Reserve Bank of St. Louis President James Bullard was interviewed on the Fox News program “Sunday Morning Futures”. He said: “I think it’s right to set aside the first quarter and look forward from here” Also: He expected that … Continue reading
Bullard continues to hit the wires: He sees GDP growth bouncing back in Q2, on track for 3.5-4% growth His own forecast of a Q1 rate hike is data dependent Wage increases will follow an increase in inflation The Fed … Continue reading
Bullard continues to drone on and says he expects inflation to exceed 2% next year. He has been saying the same thing about “next year” forever. Bullard also said he wants to see ending QE reinvestment on that table as … Continue reading
Says markets don’t appreciate how close the Fed is to goals Says Fed closer to goals than many people appreciate Inflation could easily be in the ‘high ones’ or reach 2% by year end Unemployment is going to fall below … Continue reading
It’s laughable that the Fed thinks it can monitor markets and bubbles. They’re economists and most of them can’t forecast economic growth within 2 percentage points. That kind of overconfidence at the Fed makes markets overconfident and sparks the bubbles.
Bullard spoke on Fox Business and also called it a “pretty good economy”, citing a better jobs picture. In January, Bullard forecast +3.2% GDP this year.
Comments from Bullard to reporters: Housing “a surprise to the downside” Inflation data this week “a signal” inflation moving back to target Too early to tell if interest rate increase should come sooner than currently anticipated