Federal Reserve Bank of St. Louis President James Bullard said the US economy is proving more resilient than expected and repeated his call for the central bank to keep raising interest rates.
“I think we are going to have to get north of 5%. Right now I’m still at 5.375%,” Bullard told CNBC in an interview Wednesday. “We’ve got a little ways to go here and I’ve argued that ‘hey, let’s get to where we want to go’ and then from there we can see how the data come in. Let’s hope that we get disinflation in 2023.”
