Fed's Bullard: Time to end emergency measures

In an interview with Bloomberg TV on Thursday, St. Louis Fed President James Bullard argued that it's clear that some of the higher inflation will be temporary.

Additional takeaways

"Some part of the gain in inflation could hang on into 2022."

"Don’t want to put taper on automatic pilot once tapering begins."

"It is time to end these emergency measures."

"It will be a challenge to keep inflation expectations in check."

Market reaction

The USD continues to perform its major rivals following these remarks. As of writing, the US Dollar Index was up 0.2% on a daily basis at 92.55.