Fed Should Stick to Its Plan for One More Rate Hike, Bullard Says
- Former St. Louis Fed president cites risk management as factor
- Powell was right to say inflation fight not over, Bullard says
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Former Federal Reserve Bank of St. Louis President James Bullard said policymakers should continue to pencil in one additional interest-rate increase this year when they update their projections later this month.
“It’s probably wise from a risk-management perspective, and probably necessary based on the data that we’ve gotten, that they keep that extra rate hike in there,” Bullard, now the dean of Purdue University’s business school, said Wednesday during a National Association for Business Economics webinar.