No more Fed Bullards. He says there will be no recession.

Bullard’s previous comments are here:

Not anymore :

  • don’t think unemployment will rise, may even fall further, as Fed hikes rates

  • still expect unemployment to fall below 3% this year
  • rate hikes will lower inflation expectations, lowering inflation without harming the labor market
  • we can control inflation without going into recession
  • it could be reasonable if the housing market cools down a bit
  • the war in Ukraine will have a significant impact on the European economy, but less on North America


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