The head of the Federal Reserve Bank of St. Louis James
Bullard in his meeting with the press outlined his position on the main direction
of Fed’s policy. In particular, he stated that he considered it necessary to reduce the key
the rate at the July meeting at 0.25 percentage points. Justification for
The rate cuts are two main factors: weak inflation in the country and
an escalation of the trade conflict with China. Lower interest rate will allow to support
to the American economy and to achieve stable growth rates. For more…
there’s no reason to significantly reduce the rate. Further decisions
The Fed’s rate will depend on the situation both in the country and in the world. Says James.
Bullard. He also said he voted to reduce the key stakes on the past
of the meeting. However, it was decided by a majority vote to retain it for
the same level. According to the assessment of market participants, the probability of rate reduction in
July is close to 100 percent. However, some experts believe that its decline
by 0.5 percentage points would be a more correct solution.The regular meeting of the Open Market Operations Committee
The U.S. Federal Reserve will be held on July 30 and 31.