Dollar Surges as Bullard Adds to Fed Chorus for Higher-Rate Move
- Central banker joins others saying April is live meeting
- Greenback rises versus most of its 16 major counterparts
Bullard: The Fed's Dot Plot May Be Counterproductive
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The dollar rallied the most in nearly a month Wednesday as Federal Reserve Bank of St. Louis President James Bullard joined a growing chorus of policy makers emphasizing that the central bank may raise interest rates as soon as April.
The U.S. currency gained for a fourth day versus the euro in New York as Bullard said officials should consider raising interest rates at their next meeting amid a broadly unchanged outlook for the U.S. economy. San Francisco Fed President John Williams and Atlanta Fed President Dennis Lockhart made similar comments about the April gathering earlier this week.