The Federal Reserve must keep raising interest rates in its inflation fight as the U.S. banking turmoil will subside, says St. Louis Fed Bank President James Bullard. Speaking to the Greater St. Louis Inc. community organization on Friday, Bullard explained that the central bank must lift the benchmark fed funds rate (FFR) higher than previously…
Fed’s Bullard Calls for Higher Rates as Balance Sheet Jumps $100 Billion, Depositors Pull Funds From Banks
March 24, 2023
admin
banking crisisBusiness & Marketseconomic policieseconomyFederal ReserveinflationJames BullardPolicies & ImpactsUSUS News
0 Comment
Fed’s Bullard, Mester Advocated for Half-Point Rate Hikes at Last FOMC Meeting
February 17, 2023
admin
Business & Marketseconomic policieseconomyFederal ReserveinflationJames BullardLoretta MesterUSUS News
0 Comment
Last month, the Federal Reserve voted to raise interest rates by 25 basis points, but two central bank officials revealed that they advocated for larger rate hikes to combat elevated inflation. St. Louis Fed Bank President James Bullard told reporters at the Greater Jackson Chamber in Jackson, Tennessee, during an event that he advanced the…
Fed’s Bullard Says Rates as High as 7 Percent May Be Necessary to Reduce Inflation
November 18, 2022
admin
Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesJames BullardMarketsPolicies & ImpactsUS
0 Comment
The Federal Reserve may have to raise rates as high as 7 percent in order to have an impact on inflation, said James Bullard, president of the Federal Reserve Bank of St. Louis. Even if one allows for a “generous” assessment regarding the recent progress the Fed has made to fight inflation, it must continue…
Fed Official Hits Hawkish Note on Inflation, Says It Is ‘Very Broad-Based’ and ‘More Work to Be Done’
August 25, 2022
admin
Business & Marketseconomic policieseconomyEsther GeorgeFederal Reserveinflationinterest ratesJames BullardJay PowellrecessionSt Louis FedUS
0 Comment
Despite calls for a tighter monetary policy to fight high inflation, Federal Reserve policymakers have yet to commit to the size of the next rate increase at its policy meeting in September, said Esther George, president of the Federal Reserve Bank of Kansas City. It also remains far from clear whether the easing of U.S. inflation…
St. Louis Fed President Sees Continued US Economic Growth
The U.S. economy is expected to continue to grow this year even as the Federal Reserve raises interest rates sharply to bring down unacceptably high inflation, St. Louis Fed President James Bullard said on Thursday. The U.S. central bank’s monetary policy tightening, along with inflation running at more than three times the Fed’s 2 percent…
Fed’s Bullard Says Central Bank Must Put Brakes on Economic Activity: FT
The U.S. Federal Reserve must put the brakes on economic activity to tackle surging prices, James Bullard, president of the St. Louis Fed, told the Financial Times in an interview. It is a “fantasy” to think the Fed can bring inflation down sufficiently without raising interest rates, he said, adding that the Fed needs to…
Fed’s Bullard Wants Interest Rates Above 3 Percent By End of 2022
The Federal Reserve should raise interest rates above 3 percent by the end of 2022, says St. Louis Fed Bank President James Bullard. Bullard, who was the lone dissent vote during this week’s much-anticipated Federal Open Market Committee (FOMC) policy meeting, argued that the central bank is not doing enough to fight 40-year high inflation….
James Bullard Says the Quiet Part Out Loud
In the aftermath of the January inflation reading, James Bullard, the president of the Federal Reserve Bank of St. Louis, has been doing the media rounds and making comments that have been generating headlines across the business media landscape. After the annual consumer price index (CPI) climbed to a 40-year high of 7.5 percent, Bullard…
Fed’s Bullard Calls for Big Hike in Interest Rates to Fight Inflation
St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within minutes, Bullard’s view became the…
Fed’s Bullard Sees Three Successive Hikes to Start Policy Tightening
St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the Fed’s March, May, and June meetings, before assessing whether the pace of inflation requires more aggressive steps from there. But he pushed back against the idea of kicking off…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta