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Tag: bullard

  • Fed’s Bullard backs two more interest-rate hikes

    Fed’s Bullard backs two more interest-rate hikes

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    St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year.

    “I think we’re going to have to grind higher with the policy rate in order to put downward pressure on inflation,” Bullard said in a moderated discussion at the American Gas Association’s Financial Forum in Fort Lauderdale, Fla.

    Bullard said that the timing of the rate hikes was uncertain but that he has been an advocate of raising rates “sooner rather than later.”

    “You want to get the downward pressure while you can,” he said.

    The Fed raised its benchmark rate by 25 basis points to a range of 5%-5.25% at its meeting in May. That matches the median forecast of Fed officials for the peak interest rate in this cycle.

    Officials at the Fed are divided over whether to continue to hike rates at their meeting in mid-June or pausing to see how the economy is affected by lags from the rapid pace of hikes. Some officials don’t like the word “pause” and have described holding rates steady in June as a “skip,” because it underlines that they are not saying they are done raising rates.

    The markets think the Fed is done with rate hikes and have even been pricing in rate cuts later this year.

    Bullard said that the Fed’s forecast of no more hikes was based on its expectations of slower growth and a faster drop in inflation in the first half of the year than has been seen in subsequent data.

    “Inflation is hanging up too high,” Bullard said.

    Stocks
    DJIA,
    -0.24%

    SPX,
    +0.22%
    were set to open slightly higher on Monday, while the yield on the 10-year Treasury note
    TMUBMUSD10Y,
    3.716%
    rose to 3.7%.

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  • Fed’s Bullard doesn’t see a looming credit crunch that would push economy into a recession

    Fed’s Bullard doesn’t see a looming credit crunch that would push economy into a recession

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    In the wake of the collapse of Silicon Valley Bank, conventional wisdom has been that banks will cut lending, known as a credit crunch, that will damage the economy.

    On Thursday, St. Louis Federal Reserve President James Bullard said he was “less enamored’ with this forecast.

    “Only about 20% of lending is going through the banking system…

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  • Fed’s Bullard: Oil price jump may make inflation-fighting more difficult 

    Fed’s Bullard: Oil price jump may make inflation-fighting more difficult 

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    The spike in oil prices after the surprise OPEC+ production cut may make the Federal Reserve’s inflation-fighting job “a little more difficult,” but it is too soon to know for sure, said St Louis Fed President James Bullard, on Monday. “This was a surprise – this OPEC decision – but whether it will have a lasting impact, I think, is an open question,” Bullard said, in an interview on Bloomberg Television. “Oil prices fluctuate around – it is hard to track exactly. Some of that might feed into inflation and make our job a little more difficult,” he added. Bullard said he had already expected higher oil prices due to the recent upgrades to the economic outlook for both China and Europe. The St. Louis Fed president thinks the Fed should raise rates to a range of 5.5%-5.75%. That’s higher than the median Fed forecast of 5%-5.25%. “I think inflation will be stickier,” he said, noting that the Dallas trimmed mean price index, which excludes each month’s volatile components of inflation, was 4.6% in February, unchanged from the prior month.

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  • Bullard Donates to the Firefighter Cancer Support Network

    Bullard Donates to the Firefighter Cancer Support Network

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    Press Release
    –


    updated: Apr 12, 2019


    CYTHIANA, Ky., April 12, 2019 (Newswire.com)
    –
    Bullard, a global leader in personal protective equipment, is teaming with the Firefighter Cancer Support Network (FCSN) in their mission to aid firefighters and their families following a cancer diagnosis.

    Today, at the Bullard booth (#511) at FDIC (Fire Department Instructors Conference), Wells Bullard, CEO of Bullard and Peter Lugo, President and COO of Bullard presented Lisa Raggio, Executive Director of FCSN, and Trey Kelson, CFO of FCSN, with a donation of $10,000. Bullard plans to continue its support of the FCSN throughout 2019 by donating a portion of all proceeds from the sale of their Bullard Care Kits and Decon Cloths, two products designed specifically to help protect firefighters from carcinogens.

    “Firefighters put a lot of trust in us to protect them. We have a responsibility to further protect firefighters by helping to educate them about dangers they face daily on the job and encourage prevention efforts to keep them safer,” said Wells Bullard. “We are proud to align with the FCSN to support their commitment to cancer prevention education and training to protect the lives of firefighters who risk their lives to protect us.”

    “Education is key to helping firefighters reduce their cancer risk,” added Peter Lugo. “That’s why we’ve chosen to team with the FCSN to combine our efforts to raise awareness of the cancer risks firefighters face.”

    According to the International Association of Fire Fighters (IAFF), cancer caused more than 60 percent of career firefighter line-of-duty deaths from Jan. 1, 2002, to Dec. 21, 2017. Cancer, today, is the most dangerous threat to a firefighter’s health and safety.

    FCSN educates firefighters about the importance of cancer screenings and early detection. “We’re so grateful for this generous donation from Bullard,” said Lisa Raggio. “This contribution makes a significant difference in delivering our Badge to Badge Mentorship program and toolboxes free of charge to firefighters coping with cancer. It also provides the resources necessary to provide cancer awareness and prevention training nationwide. We are so proud and happy to welcome Bullard to the FCSN family.” 

    About FCSN

    FCSN is a 501(c)(3) organization established by Los Angeles County Firefighter Paramedic Michael Dubron, a survivor of stage IV colon cancer. FCSN’s objective is to provide timely assistance to all fire and EMS personnel and their family members who have been diagnosed with cancer. FCSN offers unique expertise through its network of peer-support mentors. FCSN also delivers extensive firefighter cancer awareness and prevention training nationwide. FCSN relies on charitable donations from individuals, families, charitable organizations, and corporate sponsors to fund its firefighter cancer support, awareness, and prevention programs. FCSN does not endorse any product or service. For more information, visit firefightercancersupport.org.

    About Bullard

    Bullard is a global leader in personal protective equipment and systems designed to help save lives. Founded in 1898, Bullard protects workers in the Industrial Health & Safety and Emergency Responder markets. Headquartered in Kentucky, Bullard is a fifth-generation family-owned global company with offices and facilities in the U.S., Germany and Singapore. For more information, visit Bullard’s website at www.bullard.com or call Bullard Customer Service at 877-BULLARD or +1-859-234-6616.

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    Source: Bullard

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