{"id":76338,"date":"2022-11-28T22:31:29","date_gmt":"2022-11-28T18:31:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76338"},"modified":"2022-11-29T02:23:53","modified_gmt":"2022-11-28T22:23:53","slug":"feds-bullard-recession-is-not-inevitable","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-bullard-recession-is-not-inevitable\/11\/28\/market-updates\/","title":{"rendered":"Fed&#8217;s Bullard: Recession is not inevitable"},"content":{"rendered":"\n<p>The US central bank needs to raise interest rates a bit further in order to maintain control over the country\u2019s hot inflation in order to bring it back down toward the central bank&#8217;s 2% goal according to St. Louis Fed President James Bullard.<br><br>On Monday, Bullard said that rates need to go higher to bring inflation down.<br><br><br><strong>Key Quotes<br><\/strong><br>Estimates are all over the map on how many basis points qt is worth.<br>    <br>We&#8217;ve got ways to go to get restrictive on policy.<br>    <br>On pace of hikes, I defer to chair Powell, doesn&#8217;t matter that much in macro terms how quickly we get to right level.<br>    <br>Most important thing is we get to sufficiently restrictive level and that it is well understood by financial markets.<br>    .<br>All will go better if we get to restrictive level sooner to make 2023 a year of disinflation<br>    <br>Situation calls for much higher interest rates that what we&#8217;ve been used to.<br>    <br> Will have to keep rates at sufficiently high level all through 2023 and into 2024.<br>    <br>Labor markets continue to be extremely strong.<br>    <br>Feedback from labor market to inflation is not as strong as many people portray.<br>    <br>Tight labor market gives us license to pursue disinflationary strategy now.<br>    <br>Still think we&#8217;ll have below trend growth in 2023.<br>    <br>Recession is not inevitable<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US central bank needs to raise interest rates a bit further in order to maintain control over the country\u2019s hot inflation in order to bring it back down toward the central bank&#8217;s 2% goal according to St. Louis Fed President James Bullard.On Monday, Bullard said that rates need to go higher to bring inflation &hellip;<\/p>\n","protected":false},"author":13,"featured_media":58171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8121,6885,8143],"class_list":["post-76338","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bullard","tag-fed","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=76338"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76338\/revisions"}],"predecessor-version":[{"id":76345,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76338\/revisions\/76345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58171"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}