News Regulators 

A ‘ridiculous mistake’ gave North Korea access to the US and South Korea’s secret war plans

“North Korean personnel reportedly attacked a South Korean cybersecurity firm and embedded themselves in the software” writes Alex Lockie for businessinsider.my. As a result, North Korea reportedly got ahold of Operation Plan 5015, the US and South Korea’s secret war plan to kill the North Korean leader Kim Jong Un.A South Korea lawmaker recently disclosed that hackers suspected to be North Korean gained access to Seoul’s highly secured military intranet in September 2016 and made off with the US and South Korea’s secret war plans.South Korea’s military used the software…

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News Regulators 

Fed’s Bullard sees no need to raise interest rates anytime soon

“The economy is likely to remain on a slow-growth track with subdued inflation, meaning the Federal Reserve can hold interest rates steady, St” writes Senior Economics Reporter for marketwatch.com. Louis Fed President James Bullard said Wednesday. “The current level of the policy rate is appropriate given current macroeconomic data,” Bullard said in a speech at Truman State University.On Tuesday, Yellen said she intends to keep raising interest rates gradually, saying it would be “imprudent” to keep monetary policy on hold until inflation is back to 2%. Read: Yellen says Fed…

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News 

Fed official: Don’t expect faster growth soon

“Don’t expect faster economic growth in the quarters ahead, even if President Trump does enact a pro-growth agenda, a Federal Reserve official cautioned Wednesday” writes Joseph Lawler for washingtonexaminer.com. Yet, the central bank sees growth finishing the year around the 2 percent growth rate that has prevailed in recent years.Trump has repeatedly said that he wants to raise the rate of economic growth to 3 percent annually. Trump’s budget proposal, which projected the effects of all his policies being put into place, showed economic growth rising in the latter years…

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News Regulators 

Fed risks being too aggressive on rate hikes, Bullard says

“There is some risk that the Federal Reserve could be too aggressive if it pushes too hard to raise interest rates, said St” writes Senior Economics Reporter for marketwatch.com. Bullard said he did not think weaker inflation was due to a few transitory factors as some other Fed officials, including Chairwoman Janet Yellen, have argued.”I think we are actually in pretty good shape for rates right now,” Bullard said in an interview on Bloomberg. Source: marketwatch.com Share This:

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News Regulators 

Fed’s Bullard says time for Fed to pause on rate hikes

“Louis Fed President has been an outlier among his colleagues, calling for interest rates to remain basically flat through 2019” writes Senior Economics Reporter for marketwatch.com. Louis Fed President James Bullard, on Friday. “Many future developments could impact [the Fed’s] policy path, but the Fed does not need to preempt any of them,” Bullard said in a speech to a bankers convention in Nashville.But Bullard said the latest economic research suggests that even if the unemployment rate fell to 3.5%, the effects on inflation are likely to be small.The Federal…

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Markets News Regulators 

Bullard says US inflation is ‘worrisome’ and markets are wrong on Fed rate path

“Federal Reserve (Fed) policymaker James Bullard has declared that the path of inflation in the U.S. is “worrisome”, speaking in Tokyo on Friday” writes Gemma Acton for cnbc.com. He also posited that the financial markets’ view of the upcoming rate hike trajectory is currently out of lockstep with that of the Fed.Turning to the Fed’s rate hike plans, Bullard reiterated his long-standing view that the U.S. central bank is seeking to hike rates too quickly and by too much.The U.S. central bank’s plan for raising interest rates in the coming…

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News Regulators 

Fed’s Bullard questions need for June rate hike

“Bullard is not a voting member of the Fed policy committee this year” writes Senior Economics Reporter for marketwatch.com. This suggests that the Fed’s contemplated policy path of two more rate hikes this year “is overly aggressive relative to actual incoming data on U.S. macroeconomic performance,” Bullard said.The U.S. economy has slowed since March and inflation has surprised to the downside, St, Louis Fed President James Bullard said Friday, in remarks that raise questions about the need for more interest rate hikes from the U.S. central bank. Bullard said he…

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