Economics
Bullard Backs March Liftoff, Second-Quarter Balance-Sheet Shrink
- Market pricing of five 2022 hikes ‘not too bad a bet’: Bullard
- St. Louis Fed chief doesn’t favor a 50 basis-point increase
James Bullard
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard said he would like to raise interest rates at the central bank’s meetings in March and May, but played down the benefits of a larger-than-expected move.
“Fifty basis points, I don’t think helps us -- at least sitting here today, I don’t think that really helps us,” Bullard said Tuesday in a Reuters interview live-streamed on Twitter. “I think we can get a disciplined approach to raising the policy rate and the expectations are already in markets.”