Bullard, who does not have a say on the Fed's policy committee this year but will have a vote in 2022, also said in the interview that the Fed is also starting to discuss the idea of tapering, or cutting back, its bond purchases.
These market gyrations could become more routine, which may alarm investors who have gotten used to more calm on Wall Street. "Volatility has been very low because the market overall supported by improving earnings," said Marco Pirondini, head of equity at Amundi US."But there is always some speculation in other corners of the market."
"When you look at the VIX, it's eerily quiet. But that's a little bit misleading," said Darren Schuringa, CEO and founder of ASYMmetric ETFs, which runs a fund designed to lower investor risk. "I'm concerned about volatility in the second half of year. There is less room for error," said Daniela Mardarovici, co-head of US multisector fixed income at Macquarie Investment Management."Even a mild surprise from the Fed could create an aftershock."
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