Fed's Bullard reassures markets with positive outlook on financial stress and credit crunch.
TL;DR Summary
St. Louis Fed President James Bullard largely repeated his comments from March 24, stating that the Fed's monetary policy is in a good place and that interest rates are unlikely to change until the economy improves. He also noted that inflation is expected to rise temporarily due to base effects from last year's pandemic-related price drops.
- Fed's Bullard largely repeats comments from March 24 ForexLive
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- Fed's James Bullard: Financial stress readings are relatively low CNBC Television
- More from Bullard: 85% probability that financials stress will continue to abate ForexLive
- Financials Up as Bullard Comments Ease Regional Bank Fears -- Financials Roundup MarketWatch
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