Fed’s Evans and Bullard downplay recession risks
Both presidents looking to increase the policy rate to around 3.5% by the end of the year
Regional Federal Reserve presidents James Bullard and Charles Evans argue the risks of recession in the US are low, emphasising the need for tighter policy to fight inflation.
St Louis Fed president Bullard said households “seem to be in a great position to spend going forward”. Speaking at an event hosted by UBS on June 24, he estimated there is still $3.5 trillion in Covid-related aid that Americans have yet to spend. Bullard characterised himself as bullish on household spending and
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