James Bullard

The Federal Reserve is poised to keep the federal funds rate at 5.25%-5.5% for the seventh consecutive meeting in June, likely emphasizing that more time is needed to be confident that inflation will hit its target before contemplating any rate cuts. The key focus for market participants will be on...

In a recent development, the St. Louis Federal Reserve has named Alberto Musalem as its new president, following the unexpected resignation of James Bullard. What Happened: The regional bank announced on Thursday that Musalem, 55, an economist and former New York Federal Reserve staff, will replace...

In an unexpected turn of events, James Bullard, long-serving president of the Federal Reserve Bank of St. Louis since 2008, revealed his decision Thursday to terminate his tenure prematurely Aug. 14. He declared his intent to take on a new role at Purdue University, starting the next day. The bank...

Stocks were falling on Tuesday as investors await remarks from several Federal Reserve officials this week and more clarity from Fed Chair Jerome Powell in his testimony before the Congress on Wednesday and Thursday. Meanwhile, U.S. Treasuries rallied, with yields dropping by about 10 basis points...

Speaking to the Economic Club of Minneapolis on Friday, St. Louis Fed President James Bullard noted that the present level of interest rates is in the "sufficiently restrictive" territory according to the committee. He added that the chance of a soft landing exists by labeling ...

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan stated during the earnings call that everything points towards a relatively mild recession given the amount of stimulus that was paid to people and the money they have leftover. What Happened: "Our research team continues to predict a shallow...

Major U.S. equity indices closed flat on Tuesday following a mixed set of earnings announcements. While market participants were disappointed with Goldman Sachs Group Inc (NYSE:GS) and Johnson & Johnson (NYSE:JNJ) earnings, Bank of America Corp (NYSE:BAC) results surpassed estimates. At the...

President of the Federal Reserve Bank of St. Louis, James Bullard, delivered hawkish remarks in an exclusive interview with Reuters on Tuesday, saying that interest rates should rise to 5.5-5.75% range. Here are the main takeaways from Bullard's interview: Bullard continues to envision a...

Monday's market price action was influenced by two major macro headlines. First, a sudden cut in oil production by OPEC+ and its potential inflationary effects. Second, a lower-than-expected U.S. ISM PMI reading in March, down from 47.7 in February to 46.3, below forecasts of 47.5. ...

Uncertainty is dominating the market Friday, with renewed concerns over the health of the financial sector. The selloff of Deutsche Bank AG (NYSE: DB) resulted in significant losses for European bank shares, and risk aversion later expanded to U.S. financial institutions. Investors continued...

St. Louis Federal Reserve President James Bullard expressed confidence that the Fed can beat inflation and advocated for a more aggressive interest rate hike to combat it. Bullard believes that a more aggressive move now would give the Federal Open Market Committee a better chance to bring down...

New York Federal Reserve Bank President John Williams said on Wednesday the central bank is absolutely committed to guiding inflation down to its 2% target over the next few years. "Our job is clear: our job is to make sure we restore price stability, which is truly the foundation of a...

Analysts have conflicting viewpoints on what's ahead for the U.S. economy and markets, with some warning of an impending recession, while others suggesting that a soft landing is possible. Meanwhile, one analyst is pointing out that bear markets have never ended before the start...

Index futures indicate U.S. markets are on track for a weak opening in continuation of Thursday's decline after hawkish comments from Federal Reserve officials and a higher than expected producers' price index hurt investor sentiments. Investors and traders will be keenly watching out for Federal...

Two Federal Reserve officials reportedly said on Thursday the central bank should have lifted interest rates more than it did in early February, and cautioned that additional hikes in borrowing costs are essential to bring down inflation to desired levels. What Happened: Cleveland Fed President...