Fed’s Bullard Urges More Hikes to Ensure Disinflation Continues
- St. Louis Fed official speaks on US economic outlook
- Continued rate increases can lock in disinflation, he says
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Federal Reserve Bank of St. Louis President James Bullard urged additional interest-rate hikes to ensure inflation returns to the central bank’s 2% target over time.
“Continued policy rate increases can help lock in a disinflationary trend during 2023, even with ongoing growth and strong labor markets, by keeping inflation expectations low,” Bullard said in prepared remarks for a presentation to the Greater Jackson Chamber in Jackson, Tennessee.