Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 29/06/2022 18:38 
27.05.2022 15:57 News >> US Inflation Comparable To Levels Seen In 1974, 1983: Fed Official

US Inflation Comparable To Levels Seen In 1974, 1983: Fed Official

Contrast between 1974, 1983 experiences convinced many it was important to 'get ahead' of inflation, James Bullard says.

The US Federal Reserve Bank of St. Louis President James Bullard said Friday that inflation in the country is comparable to levels seen in 1974 and 1983.
The Fed kept interest rates relatively low in the face of rising inflation in 1974, but kept the rates relatively high against declining inflation, Bullard noted during his presentation at BOJ-IMES Conference.
"The contrast between the 1974 and 1983 experiences convinced many that it was important to 'get ahead' of inflation," he added.
US inflation climbed to its highest level in more than 40 years when it annually gained 8.5% in March.
Bullard noted that key market rates have already moved above pre-pandemic levels, which may help encourage a soft landing.
Despite Bullard's optimism, Fed Chair Jerome Powell said on May 12 that a soft landing for the economy will be "challenging."
Soft landing refers to a process in which a central bank raises rates against high inflation and causes an economic slowdown, but avoids a recession. -



        Latest News
US Fed Chair Says Slower Growth Likely Outcome In Dealing With High Inflation 14 minutes ago...
European Central Bank president says she does not believe world is going back to environment of low inflation.
NATO Officially Invites Finland, Sweden To Become Members Of Alliance 14 minutes ago...
Member countries agree to sign accession protocols of Nordic nations after 4 way talks between Türkiye, NATO, Finland, Sweden.
European Media Gives Extensive Coverage To Memorandum On Nordic Countries' NATO Bids 29 minutes ago...
Media outlets evaluate development as Türkiye's success, say Ankara 'got what it wanted'
Putin Calls On Caspian States To Strengthen Cooperation -16 minutes ago...
Russian president speaks in favor of boosting politics, security, economy, environmental cooperation.
UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle' -16 minutes ago...
Russia’s 2nd richest man Vladimir Potanin, President Putin’s first cousin Anna Tsivileva sanctioned by Britain.

 
      Top News
UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle' UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle'
Turkish President Meets French Counterpart, Top EU Official In Madrid Turkish President Meets French Counterpart, Top EU Official In Madrid
Colombia Prison Riot Leaves At Least 52 Inmates Dead Colombia Prison Riot Leaves At Least 52 Inmates Dead
Egyptian Court Issues Death Sentences To 10 Muslim Brotherhood Members Egyptian Court Issues Death Sentences To 10 Muslim Brotherhood Members
Avoid 'Irresponsible' Statements, China Tells Australian Premier Avoid 'Irresponsible' Statements, China Tells Australian Premier
Turkish Official Calls NATO Allies For Sensitivity To Fight Against Terrorism Turkish Official Calls NATO Allies For Sensitivity To Fight Against Terrorism
UN Committee Urges Probe Into Migrant Deaths At Morocco-Spain Border UN Committee Urges Probe Into Migrant Deaths At Morocco-Spain Border
75 Irregular Migrants Rescued Off Mugla, Türkiye 75 Irregular Migrants Rescued Off Mugla, Türkiye
UN Alarmed Over Increasing Violence In Palestine, Israel In Recent Months UN Alarmed Over Increasing Violence In Palestine, Israel In Recent Months
S&P Lowers Eurozone Growth Estimates For 2022, 2023 S&P Lowers Eurozone Growth Estimates For 2022, 2023