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FED’S BULLARD: GOOD TARGET IS TO HAVE FUNDS RATE UP BY ABOUT 100 BPS BY JULY 1

  • Fed‘s Bullard: thinking is that quantitative easing has already drawn to a close that will end in march
  • Fed’s Bullard: this is moment where we need to share to less accommodation
  • Fed’s Bullard: we’re missing our inflation target by more than 300 bps
  • Fed’s Bullard: markets have done a lot of pricing in already
  • Fed’s Bullard: this is about first moves from accommodative policy
  • Fed’s Bullard: labor markets will get tighter
  • Fed’s Bullard: inflation is eating into wage gains
  • Fed’s Bullard: thinking is that quantitative easing has already drawn to a close that will end in march
  • Fed’s Bullard: confident we’ll come to right conclusion but we must act now

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