- Analytics
- News and Tools
- Market News
- St. Louis Fed president Bullard: Fed should start taper in autumn
St. Louis Fed president Bullard: Fed should start taper in autumn
- Says Q2 GDP report was very good on the whole
- Says he still expects 7% growth this year
- Says he expects above-trend growth "for quite some time" in US
- Productivity seems much higher and technology is helping that
- There is 'overwhelming' anecdotal evidence of tight labor markets in US, seeing offers of hiring bonuses and other benefits
- Jobs could be fully recovered by next summer, which would meet Fed's condition for raising rates
- The criteria for labor market recovery will be met sooner than many expect even under benign assumptions about growth
- This year's inflation is enough to make up for some of the past downside misses; Fed should "declare success" on meeting average inflation target
- Fed is coming up a little short in preparing for a possible high inflation shock
- Fed should start taper in autumn and go "fairly rapidly" to end taper by the end of Q1
- Ending the taper in early 2022 would open the way for a rate increase if needed
- Financial markets are well prepared for taper
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
