The U.S. central bank should begin allowing its massive portfolio to run off, even as it keeps its target policy rate low to maintain inflation and unemployment at current levels, St. Louis Federal Reserve Bank President James Bullard said on Friday.
U.S. interest rates can likely remain low through at least 2017, with no clear sense yet of whether the new Trump administration's policies will touch off higher inflation or growth, St. Louis Federal Reserve Bank President James Bullard said on Thursday.
The dollar was on its best run in almost a year on Thursday, pressuring commodities and shares after yet another Federal Reserve official talked up the chance of more than one hike in U.S interest rates this year.
New regulations have made the financial system safer but have also strengthened the market position of the largest banks and may discourage innovation, St. Louis Fed President James Bullard said on Thursday.
The Federal Reserve could maintain its $85 billion in monthly bond purchases, now at a “torrid” pace, even as the job market improves, said James Bullard, president of the Federal Reserve Bank of St. Louis.