Central Banks
Fed Officials Reinforce Rate-Hike Calls, Say Markets Got Message
- Bullard says markets have ‘digested’ message on rate hikes
- Mester says rates are ‘still not even in restricted territory’
James Bullard
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Federal Reserve officials reiterated Thursday that they will keep raising interest rates to restrain high inflation, and that markets are now understanding the message.
“If you look at the dots, it does look like the committee is expecting a fair amount of additional moves this year,” St. Louis Fed President James Bullard told a virtual emerging-market forum, referring to the bank’s so-called dot plot of projections. “I think that that was digested by markets and does seem to be the right interpretation.”