Fed’s Bullard: Policy will remain exceptionally accommodative

FXStreet (Mumbai) - St. Louis Fed President James Bullard speech text released ahead of the event showed the policymaker feels the Fed will remain exceptionally accommodating, even though the case for normalizing policy is quite strong.

Key Points

Large majority of FOMC projects rate liftoff this year

FOMC policy still stuck in emergency mode

Prudent policy to normalise rates over the medium term