Central Banks
Bullard Says Strong Job Market Gives Fed Room to Raise Rates
This article is for subscribers only.
Federal Reserve Bank of St. Louis President James Bullard said the strong US labor market gives the central bank room to raise interest rates so it can curb inflation that’s running near a four-decade high.
“The job market is extremely strong,” Bullard said Friday in a Wharton Business interview on SiriusXM radio. “That gives the Fed some leeway to fight the inflation problem now while we can” and get inflation back to the 2% target “relatively quickly.”