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Fed's Bullard: Fed May Be Able to Raise Rates in March
*Fed's Bullard: Fed May Be Able to Raise Rates in March
— *Walter Bloomberg (@DeItaone) January 6, 2022
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Fed’s Bullard: First rate hike could come as early as March
— LiveSquawk (@LiveSquawk) January 6, 2022
- Subsequent 2022 hikes could be pulled forward or pushed back depending on inflation
- FOMC could also elect to allow passive balance sheet runoff
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Fed’s Bullard: Committee took steps at Dec meeting to be in a better position to control inflation
— LiveSquawk (@LiveSquawk) January 6, 2022
- Monetary policy has shifted to combat inflation pressure more directly
- Omicron cases expected to subside in the weeks ahead
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St. Louis Fed’s Bullard Discusses “The Initial Response to the Inflation Shock of 2021”
Federal Reserve Bank of St. Louis President James Bullard presented “The Initial Response to the Inflation Shock of 2021” at a meeting of the CFA Society St. Louis on Thursday. Bullard told the society that the U.S. pandemic recession ended 20 months ago, and that U.S. real gross domestic product (GDP) has more than fully recovered and labor market performance continues to improve. However, he added that there was a significant unanticipated inflation shock in the U.S. during 2021. “With the real economy strong but inflation well above target, U.S. monetary policy has shifted to more directly combat inflation ... (full story)