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Federal Reserve Bulletin, March 1958FRASERSt Louis Fed Form

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Federal Reserve Bulletin, March 1958FRASERSt Louis Fed Form

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thanks very much Sarah St Louis president Jim board saying that he can't rule out a 50 basis point rate hike at the upcoming March meeting and he said he advocated for one at the last meeting as well I'll read you some other comments that are right now on the on the wire here reading wires from Reuters um he says he sees a policy rate at the range of five and a quarter to five and a half percent as appropriate I can tell you that I know he has uh been at that level which as you know is a quarter point above with the average fed official he does see the drop in long-term yields uh as confidence that the FED will fall that the uh inflation will fall uh and less need for inflation uh uh uh sorry uh inflation premium inside of uh Fed rate so uh he's the second person Sarah to kind of advocate for this and and to acknowledge that he advocated for it at the last meeting Loretta Mester Cleveland fed President also saying she wanted a 50 base point radhike at the last m

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