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Bullard Says Would Not Rule Out Supporting 50BP Hike In March

FED
  • Federal Reserve Bank of St. Louis President James Bullard said he would not rule out supporting a half-percentage-point interest-rate hike at the Fed’s March meeting, rather than the quarter point that other officials have signaled may be appropriate. (Bloomberg)
  • “My overall judgment is it will be a long battle against inflation,” Bullard told reporters Thursday following a presentation.
  • He said he wanted to bring the Fed’s policy rate up to 5.375% as soon as possible.
  • Knee jerk sale in US FI following the comments, with a small pop in the US dollar and US equities coming under some further pressure.

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