Speaking in an interview with Bloomberg, CEO of the Federal Reserve Bank of St. Louis, James Bullard, says that the Fed will be much less pre-emptive about hiking rates. Key comments Bullard said that he supported the FOMC decision last week. Bullard expects that the Bank’s new approach to lifting inflation will work. Bullards said that the Bank will be much less pre-emptive about raising rates. Bullards said there may be enough fiscal aid in the pipeline for recovery. Market implications Markets have already priced in the stance at the Fed that will help to ensure plentiful USD supply. Fed Chairman Powell appears before the House Financial Services panel tomorrow with US Treasury Secretary Mnuchin, and Powell will also appear before the House Panel on COVID-19 on Wednesday. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD consolidates losses from 1- ½ month low beyond $1,900 FX Street 1 year Speaking in an interview with Bloomberg, CEO of the Federal Reserve Bank of St. Louis, James Bullard, says that the Fed will be much less pre-emptive about hiking rates. Key comments Bullard said that he supported the FOMC decision last week. Bullard expects that the Bank's new approach to lifting inflation will work. Bullards said that the Bank will be much less pre-emptive about raising rates. Bullards said there may be enough fiscal aid in the pipeline for recovery. Market implications Markets have already priced in the stance at the Fed that will help to ensure plentiful USD supply. Fed Chairman Powell appears before… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
