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MNI BRIEF: Bullard Does Not Rule Out 100BP Fed Hike in July

(MNI) WASHINGTON

Federal Reserve Bank of St. Louis President James Bullard said Friday he would not rule out the possibility of a full percentage point rate hike at this month’s FOMC meeting.

“I do think that it probably doesn’t make too much difference to do 100 basis points here and less in the other three meetings of this year or do 75 basis points here and do more in the remaining three meetings of the year,” he told an event sponsored by the European Economics and Financial Center. “That’s a judgment that the chair can make in conjunction with other members of the committee.”

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USPolicy NewsFederal ReserveHomepageCentral Bank NewsEmailBriefStoryRegionNorth America
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
USPolicy NewsFederal ReserveHomepageCentral Bank NewsEmailBriefStoryRegionNorth America

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