Fed’s Bullard sees a more volatile economic “regime” emerging in US due to the pandemic

Aug 3, 2021

 

“Pandemic may have opened new “regime” of higher productivity, higher inflation, and higher volatility,” St. Louis Federal Reserve (Fed) President James Bullard said in a Reuters interview.

Additional quotes

“Possibility of higher growth for more years to come “bodes well” for the US economy and workers but needs careful fed risk management.”

“Wants end of crisis-era policies to begin soon so fed can move in smaller increments rather than risk a “scramble” if high inflation persists.”

Market reaction

The US dollar is little impressed by the above comments, testing lows near 91.95, down 0.10% on the day.

Courtesy of the Forex Mix