Fed's Bullard: Could raise interest rates as soon as March By ross_burland Fed DollarIndex CentralBanks
St. Louis Fed President James Bullard said on Thursday that the Federal Reserve could raise interest rates as soon as March., explained that the Fed is now in a "good position" to take even more aggressive steps against inflation, as needed after a policy reset last month.
Today, Bullard explained that the Fed "is in good position to take additional steps as necessary to control inflation, including allowing passive balance sheet runoff, increasing the policy rate, and adjusting the timing and pace of subsequent policy rate increases," Bullard said in prepared remarks to the CFA Society of St. Louis.
Reuters explained in a note following Bullard's comments that ''projections issued in December showed half of the Fed policymakers expect three quarter-percentage-point rate increases will be needed this year.'' Bullard says the recent inflation shock means Fed's average 2% target should be met for next several years.
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