Fed Bullard: Policy rate getting closer to sufficiently restrictive zone

St. Louis Fed President James Bullard said yesterday that FOMC aggressive actions in 2022 and planned rate hike in 2023 has “returned inflation expectations to a level consistent with the Fed’s 2% inflation target.” “During 2023, actual inflation will likely follow inflation expectations to a lower level as the real economy normalizes,” he said. “The […]

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