Liftoff is appropriate despite challenges – Fed’s Bullard

FXStreet (Mumbai) - Fed’s James Bullard, while speaking at the National Association for Business Economics conference, said that a liftoff seems appropriate despite the challenges (low inflation, global risks) faced by the Fed.

Key Quotes

Normalisation goals have arguably been met

Fed should react separately or distinctly to global developments and the challenges are not significantly robust to guide policy

Fed will still be exceptionally accommodative even with hikes

Strict inflation targeting doesn't justify zero rates