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Tags: federal reserve rate increase | decrease | inflation | james bullard | st. louis fed

Fed Could Cut Rates in '23, '24 Once Inflation Under Control: Bullard

Bullard
St. Louis Federal Reserve Bank President James Bullard (AP)

Friday, 20 May 2022 01:53 PM EDT

St. Louis Federal Reserve Bank President James Bullard on Friday reiterated his view that the U.S. central bank ought to raise interest rates to 3.5% this year to get high inflation more quickly under control.

"The more we can frontload and the more we can get inflation and inflation expectations under control the better off we will be," Bullard said in an interview with Fox Business Network. "And in the out years, '23 and '24, we could be lowering the policy rate because we've got inflation under control."

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
St. Louis Federal Reserve Bank President James Bullard on Friday reiterated his view that the U.S. central bank ought to raise interest rates to 3.5% this year to get high inflation more quickly under control.
federal reserve rate increase, decrease, inflation, james bullard, st. louis fed
88
2022-53-20
Friday, 20 May 2022 01:53 PM
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