Fed Bullard: Policy rate not yet sufficiently restrictive

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Fed Bullard: Policy rate not yet sufficiently restrictive

St. Louis Fed President James Bullard said, “even under these generous assumptions, the policy rate is not yet in a zone that may be considered sufficiently restrictive”. And, “to attain a sufficiently restrictive level, the policy rate will need to be increased further.” “Thus far, the change in the monetary-policy stance appears to have had […]

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