Bullard Sees Case for April Hike as Inflation Set to Pick Up
- Odds of Federal Reserve falling behind curve have increased
- Concerned about guidance through dot plot, considered drop-out
Bullard: Fed Should React to Data Meeting by Meeting
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Federal Reserve Bank of St. Louis President James Bullard said policy makers should consider raising interest rates at their next meeting amid a broadly unchanged economic outlook and prospects of inflation and unemployment exceeding targets.
“You get another strong jobs report, it looks like labor markets are improving, you could probably make a case for moving in April,” Bullard said in a Bloomberg interview in New York Wednesday, in which he criticized the Fed’s practice of publishing officials’ projections on the path of interest rates. “I think we are going to end up overshooting on inflation” and the natural rate of unemployment, he said.