Fed's James Bullard pushes for faster rate hikes, sees 'good shot' at beating inflation
Publishing timestamp: 2023-02-22 09:10:53
Summary
St. Louis Federal Reserve President James Bullard expressed confidence that the central bank can beat inflation and advocated for stepping up the pace in the battle. He believes that the US economy is more resilient than markets thought and that they have a good shot at beating inflation in 2023 without creating a recession. Markets expect the Fed to go with a quarter-point move next month, but the benchmark short-term borrowing rate is expected to top out at 5.36% this summer.
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