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6/17/2022, 3:33 PM (Source: TeleTrader)
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Fed's Bullard: Soft landing feasible

In light of monetary policy tightening measures in the United States and the Eurozone economies, a soft landing for both is "feasible" if "the post-pandemic regime shift is executed well," Federal Reserve Bank of St. Louis President James Bullard noted on Friday.

The Fed and the European Central Bank have "considerable credibility" to make a soft landing possible, he claimed while delivering a presentation at the Barcelona School of Economics Summer Forum.

Earlier this week, Fed Chair Jerome Powell argued that the recent economic estimates by the central bank showed that the idea of a "softish landing" would be met.

Baha Breaking News (BBN) / MS