NEW YORK—The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.
St. Louis Federal Reserve President James Bullard called for a dramatic increase in the Fed’s overnight lending rate to more than 3 percent this year, and said in a statement Friday that he not only favored a half-point increase this week, but rate increases at a pace that would require half-point increases at five of the Fed’s six remaining meetings this year.
