Fed

Abaixo, seguem alguns breves comentários do St Louis Fed President James Bullard, proferidos ontem. Caso os dados econômicos americanos continuem na toada recente (recuperação da confiança, atividade, emprego e inflação), esperaria que outros membros do Fed migrem para um discurso/postura parecida com a de Bullard:

In a relatively quiet day yesterday, a few things came to our attention including some interesting comments from the St Louis Fed President James Bullard. Bullard, who is seen as a bit of an FOMC bellwether, appears to be gradually shifting to a more hawkish stance, saying yesterday that the FOMC is now much closer to its macroeconomic goals than it has been in the past five years. Indeed, Bullard went on to say that since 1960, 75% of the time the FOMC was in a worse position with respect to its goals than it is today. In terms of the Fed’s policy stance, the St Louis Fed president commented that if the economy continues to improve, the Fed may change the conversation about monetary policy in the fall of this year and there will be more sentiment toward an earlier rate hike. On this note, Bullard reiterated his forecast for rate hikes in the first quarter of 2015 and noted that he was a bit puzzled as to why others were forecasting the first rate hike to come in the second half of next year. It’s certainly a shift from his tone last year which included his dovish dissent at the June FOMC last year when he said that “Committee should have more strongly signalled its willingness to defend its inflation target of 2% in light of recent low inflation readings”. (Fonte Deutsche Bank)