The blackout period for policymaker speeches ahead of this week’s FOMC meeting began on Tuesday. As a result, the only remarks given after the publication of last week’s Weekly Update came from Bullard. He pointed out that “new policies brewing in Washington may have some impact” on theprevailing low level of short-term interest rates, but pointed out that some reforms could take longer to implement than others. He also appeared to be supportive of a rate hike this week, noting that “going with a rate rise in December would be a very reasonable option…I’ll reserve judgment until we get to the meeting.”
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