Bullard says events in UK won't pause Fed tightening
Federal Reserve Bank of St. Louis President James Bullard (pictured) remarked Thursday that despite the market spillovers, the latest events in the UK would not affect the Fed's tightening pace.
"If you look at the dots, it does look like the committee is expecting a fair amount of additional moves this year," St. Louis Fed President James Bullard told a virtual forum. "I think that that was digested by markets and does seem to be the right interpretation."
In a telephone talk with reporters after his speech, Bullard also pointed out that despite some volatility "in the UK" and some "movements in the US because of that," he doesn't see influences on "the US inflation or real growth developments."