3/24, 3:13 PM (Source: TeleTrader)
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Fed's Bullard: Inflation remains 'too high'

Federal Reserve Bank of St. Louis President James Bullard said on Friday during a meeting that inflation in the country remains "too high," while the real economic data in the first trimester of 2023 "have been stronger than expected."

"Headline inflation has declined, but it can be inordinately influenced by fluctuations in volatile prices," the Fed official noted. With regard to inflation expectations, Bullard shared that they "are now relatively low in part due to front-loaded Fed policy during 2022," which bodes well "for the disinflationary process in 2023."

Meanwhile, talking about the financial crisis that recently swept the United States, Bullard stated that the macroprudential response was "strong" and that the authorities will act with additional measures if needed.

Baha Breaking News (BBN) / AY