Fed's Bullard Keep Wanting rate hike

Opposite the market, Fed's Bullard Keep Wanting rate hike

President of the Federal Reserve Bank of St. Louis, James Bullard, who is a strong supporter of the option of short-term interest rate hike in the policy meeting in September, reiterated his optimism on Friday and argued that the US central bank needs to raise interest rates.

In an interview on Sirius XM, Bullard said that if he did not agree with the market seeing the global economic outlook is still gloomy and optimistic about the US economic outlook. He also expressed confidence that the unemployment rate will drop to the range of 4% over the next 2 years and inflation will tend to move back towards the 2% target of the central bank.


Bullard added that if some alternative indicator for inflation has moved closer to the target than the Fed's preferred inflation indicator.