St. Louis Federal Reserve President James Bullard is pushing back on his colleagues and arguing that the central bank should move much more aggressively to rein in the country’s explosive inflation.
Bullard, who has been calling for tighter monetary policy for some time, released a statement on Friday explaining why he, alone, dissented during this week’s meeting of the Federal Open Market Committee. The committee voted to raise its interest rate target by a quarter percentage point, but Bullard said the target should have been increased to half a percentage point, or 50 basis points.
Bullard noted that despite the economic growth, inflation has risen to levels not seen since the early 1980s. Consumer prices increased by 7.9% for the 12 months ending in February, an increase from the month before. Fed officials, as a group, indicated after Wednesday’s meeting that they expect between six and eight rate hikes over the course of 2022 — a much higher number than the three rate increases that they projected during the last quarter.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Humboldt Park shooting: Man killed, another man injured near St. Louis, IowaA Chicago shooting in Humboldt Park left one man dead and another injured near Iowa and St. Louis Thursday afternoon.
Weiterlesen »
Kate Middleton wows in green for St. Patrick's Day parade with Prince WilliamComplete with a stunning shamrock brooch
Weiterlesen »
Shamrock Shuffle Offers Special Registration Deal for St. Patrick's DayThinking about signing up for the Bank of America Shamrock Shuffle? You’re in luck this St. Patrick’s Day.
Weiterlesen »
Magically delicious ice cream returns to N.J. shop for St. Patrick’s DayIt's malty. It's marshmallowy. It's magically delicious.
Weiterlesen »
Green beer and more: 10 St. Patrick’s Day food and drink specials in D-FWFrom March 12-19, join Bar Louie for a St. Paddy’s Celebration. In-bar beverage offers include festive drinks such as Green Beer, a Jameson Irish Whiskey...
Weiterlesen »
App Pack | All You Need for a Festive St. Patrick's DaySt. Paddy’s Day gives anyone a great excuse to wear green and go drink beer. These apps are just the thing you need to celebrate the foremost patron saint of Ireland.
Weiterlesen »