Economics
Fed’s Bullard Says 75 Basis-Point Hike Could Be Option If Needed
- Bullard says FOMC needs to move to neutral rate expeditiously
- Official known for hawkish views says recession talk premature
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Federal Reserve Bank of St. Louis President James Bullard said the central bank needs to move quickly to raise interest rates to around 3.5% this year with multiple half-point hikes and that it shouldn’t rule out rate increases of 75 basis points.