James Bullard Says Fed Must Raise Preload Rates Amid Soaring Inflation

St. Louis Federal Reserve Chairman James Bullard said the central bank needed to act aggressively to contain inflationary pressures and wanted a series of interest rate hikes to do so.

Given the magnitude and duration of the inflation spurt, “our credibility is at stake here,” Bullard said in an interview with CNBC on Monday. To show a commitment to bringing inflation back to the central bank’s 2% target, “I think we need to anticipate our planned housing removal more than we would…


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