6/18, 2:29 PM (Source: TeleTrader)
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First rate increase might come in 2022 - Fed's Bullard

United States Federal Reserve could decide to increase the interest rate as soon as 2022, Fed's St. Louis President James Bullard predicted on Friday.

In an interview with CNBC, Bullard underlined that the Fed needs to be "ready to adjust taper as necessary," warning that any decision to modify the central bank's response to the financial crisis must be preceded "with a healthy debate" and characterized by a "targeted approach."

"Pandemic is coming to a close, so it's natural to figure out how to pare back emergency measures," he concluded.

Breaking the News / BU