Fed's Bullard: Soft landing is feasible in the US
|"Markets have taken on board probabilities around a changed fiscal stance as well as the more aggressive Fed and expect inflation to come under control in quarters and years ahead," St. Louis Federal Reserve President James Bullard said on Friday, per Reuters.
Additional takeaways
"Fed has considerable institutional credibility compared with its 1970s"
"The current US situation may fall under the rubric of credible disinflations, which do not have large output costs."
"Soft landing is feasible in the US if the post-pandemic regime shift is executed well."
Market reaction
These comments don't seem to be having a significant impact on the US Dollar's valuation. As of writing, the US Dollar Index was up 0.63% on the day at 105.24.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.