“The policy rate is not yet in a zone that may be considered sufficiently restrictive, but it is getting closer,” Bullard said. — Bloomberg皇冠线上开户（www.hg8080.vip）是一个开放皇冠正网即时比分、皇冠线上开户的平台。皇冠线上开户平台（www.hg8080.vip）提供最新皇冠登录，皇冠APP下载包含新皇冠体育代理、会员APP。
FEDERAL Reserve Bank (Fed) of St Louis president James Bullard says interest rates are getting closer to a high enough level to bring down inflation, suggesting he’s comfortable with policymakers’ projections of how much further they will hike this year.
Bullard, in a presentation to business leaders in St Louis, pointed to optimistic signs that price gains could slow further this year and that the central bank may succeed in taming the strongest inflation in a generation.
His remarks also stopped short of hammering home the hawkish tone he delivered through much of last year, when he was ahead of peers in advocating for the US central bank to take more aggressive moves to cool prices.
“The policy rate is not yet in a zone that may be considered sufficiently restrictive, but it is getting closer,” Bullard said in the slide deck.
A chart in his presentation suggested that Fed officials’ median projection for where rates will end this year, at 5.1%, is in the territory of being restrictive enough to rein in inflation.
Bullard’s presentation didn’t specify how high he prefers rates to rise or indicate whether the Fed should again slow its pace of rate hikes at the next meeting.
The St Louis Fed chief said the central bank’s actions have helped to lower inflation expectations to a level “consistent with the Fed’s 2% inflation target.”,
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He said he also sees inflation falling to a lower level this year as the economy “normalises.”
Asked later by reporters if he favoured raising rates by another 50 basis points at the Fed’s Jan 31 to Feb 1 meeting or stepping down to 25 basis points, he said policymakers should get them into restrictive territory as soon as possible.
“The policy rate is still a little bit below the sufficiently restrictive zone, but I think it would behoove the committee to get into that zone as soon as we can without ignoring the data,” he said.
Fed officials raised rates by a half point last month, slowing down after four straight 75 basis-point hikes while extending the most aggressive tightening campaign since the 1980s. That brought the target on its benchmark rate to a range of 4.25% to 4.5%.
Officials also issued fresh forecasts that showed they expect policy to remain tight this year, with 17 out of 19 officials projecting rates above 5% by the end of 2023.
No Fed official forecast rate cuts this year.
Minutes of the Fed’s Dec 13-14 meeting, released Wednesday, showed that policymakers last month affirmed their commitment to bringing down inflation.
Officials also warned against an “unwarranted” loosening of financial conditions, which suggested frustration that markets could undermine their efforts to tame prices.,