Economics
Fed’s Bullard Still Wants to Hike Rates 100 Basis Points by July
- St. Louis Fed official says Ukraine will have minimal impact
- With inflation surging, Fed official says hikes are urgent
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Federal Reserve Bank of St. Louis President James Bullard continues to back raising interest rates by 1 percentage point by July 1 and sees little impact on the U.S. outlook from Russia’s invasion of Ukraine.
“The direct linkages to the U.S. economy are minimal so I wouldn’t expect that much impact directly on the U.S. economy,” Bullard said Friday during an interview with SiriusXM Business radio. “Of course, we will have to watch this very carefully and see what happens in days ahead.”