Yahoo Finance: Fed's Bullard calls for two more rate hikes in 2023

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https://finance.yahoo.com/news/feds-bullard-calls-for-two-more-rate-hikes-in-2023-173320962.html

Excerpt:
Federal Reserve Bank of St. Louis president James Bullard said Monday he thinks the Fed needs to hike interest rates two more times this year because economic growth is surprisingly robust and inflation isn’t slowing fast enough.

He favors these hikes "sooner rather than later" without being specific about a date.

"I think we're going to have to grind higher with the policy rate in order to put enough downward pressure on inflation," he said while speaking Monday in Fort Lauderdale, Fla. "I'm thinking two more moves this year, not exactly sure where those would be. But I've often advocated sooner rather than later."

Bullard offered the most extreme view of several regional Fed presidents who spoke Monday about the direction of interest rates.


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