男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

US Fed official urges front-loading rate hikes to contain inflation

Xinhua | Updated: 2022-02-15 05:39
Share
Share - WeChat
FILE PHOTO: St. Louis Fed President James Bullard speaks about the US economy during an interview in New York February 26, 2015. [Photo/Agencies]

WASHINGTON - A senior US Federal Reserve official on Monday urged the central bank to "front-load" rate hikes to contain surging inflation.

"I do think we need to front-load more of our planned removal of accommodation than we would have previously. We've been surprised to the upside on inflation," St. Louis Federal Reserve President James Bullard said in an interview with CNBC.

"Our credibility is on the line here and we do have to react to the data," said Bullard, who votes on the Fed's monetary policy this year.

Bullard's comments came after the US Labor Department reported on Thursday that the consumer price index (CPI) in January rose 7.5 percent from a year earlier, the fastest annual pace in almost 40 years.

"My interpretation was not so much that report alone, but the last four reports taken in tandem have indicated that inflation is broadening and possibly accelerating in the US economy," Bullard said, adding the inflation is "very bad" for low- and moderate-income households.

Bullard also reiterated that the Fed should raise its benchmark short-term interest rate a full percentage point by July 1 and start shrinking its balance sheet in the second quarter.

"I think my position is a good one, and I'll try to convince my colleagues that it's a good one," he said.

The Fed signaled last month that the central bank is ready to begin a series of interest-rate hikes in March to combat surging inflation as it exits from the ultra-loose monetary policy enacted at the start of the COVID-19 pandemic.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 靖西县| 云南省| 湖口县| 萨嘎县| 视频| 鹤山市| 如皋市| 交口县| 吉安市| 恩施市| 达州市| 志丹县| 乌恰县| 肇东市| 如皋市| 宝丰县| 井冈山市| 韶山市| 射洪县| 贵州省| 庆阳市| 拉孜县| 顺昌县| 台南县| 黄大仙区| 永丰县| 五莲县| 太仓市| 霍城县| 陆良县| 威海市| 景谷| 弥渡县| 宜城市| 定远县| 河津市| 屯门区| 安阳县| 甘肃省| 汉寿县| 嵊泗县|