Fed's Bullard: December rate hike was 'an overreach' argued against it

Author: Adam Button | Category: Central Banks

Bullard speaks to reporters

  • He's concerned Fed is on the precipice of a policy mistake
  • Fed should not be projecting further hikes
  • Policy is probably in the right place for right now
  • Wanted to include references to softer inflation expectations in statement
This is a bit of a stronger tone from Bullard. He hasn't openly disagreed in such a forceful way in the past.
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