St. Louis Federal Reserve bank president James Bullard has recently delivered his prepared remarks at a conference in Japan, providing the key quotes, via Reuters, found below.
- U.S. policy possibly at neutral means Fed should be cautious with further rate increases.
- He regards inflation expectations as still a bit low.
- It is a question how far the Fed should go in further rate increases while Bank of Japan and ECB remain stalled.
- It may not be necessary to change the policy rate in order to keep the economy close to or at the Fed’s goal.
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