FXStreet — The Fed chief of St. Louis, James Bullard, said that the Federal Reserve had hesitated, a reduction of the balance sheet total, told the Reuters news Agency.
The key interest rate was ‘appropriate’. A further rate increase in the current year is not excluded.
The Federal Reserve have postponed a reduction of the balance sheet total for too long.
The Federal Reserve needs to begin in the second half of the year, in order to reduce the size of the balance sheet total.
** FXStreet News Editorial, FXStreet**