Bullard says Fed should be allowing balance sheet to shrink now

Market news

24 March 2017

Bullard says Fed should be allowing balance sheet to shrink now

Inflation has essentially returned to 2 pct, expected to remain there
Unwise to forecast growth pickup in 2017
Labor market improvements have been slowing
Relatively low policy rate likely to remain appropriate
Fed can wait to see how fiscal policy evolves

U.S.: Manufacturing PMI, March 53.4 (forecast 54.8)

U.S. Stocks open: Dow +0.19%, Nasdaq +0.38%, S&P +0.22%

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