Fed Bullard: Strong labor market gives us license to pursue disinflationary strategy

St. Louis Fed President James Bullard reiterated yesterday that interest rate has to be raised to at least 5.00-5.25%, from the current 3.75-4.00%, to be “sufficiently restrictive” to curb inflation. The interest rate will have to stay at that level “all during 2023 and into 2024”. But regarding the size of the next hike in […]

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