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.
Federal Reserve Bank of St. Louis President James Bullard, a voter on policy this year who has backed record stimulus, said weaker U.S. economic reports prompted the delay in a tapering of bond buying by the Fed.
Federal Reserve Bank of St. Louis President James Bullard, who dissented for the first time last month over the issue of defending the Fed’s price goal, said the central bank shouldn’t trim its monthly bond purchases until inflation accelerates toward its 2% target.