US monetary policy normalisation has ended and “has been largely successful”, Federal Reserve Bank of St Louis president James Bullard said in a presentation on April 11. But the Fed must be cautious in future to sustain economic expansion, he said.
Bullard said the current policy rate being appropriate for the remainder of the year, and the balance sheet reduction programme set to end in September, “mark the end of monetary policy normalisation in the US”, according to the statement.
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