Bullard: Job gains point to earlier rate increases; sees dual risk if Fed is late in raising rates.
In an interview with Bloomberg’s Kathleen Hays, Federal Reserve Bank of St. Louis President/CEO James Bullard said, job gains point to earlier rate increases,
“The evidence is leading toward an earlier increase that would have been in the works earlier this year. Labor markets have improved quite a bit relative to what the committee was thinking.”
Bullard said he sees a ‘dual risk‘ if the Fed is late in raising rates, “One would be inflation, but the other would be financial stability, and it’s substantial.”
source: Bloomberg Radio