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Fed’s Bullard Casts Doubt on Need for Rate Increases Larger Than 50 Basis Points
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One of the Federal Reserve’s earliest advocates for aggressive rate increases won’t rule out a truly supersize rise, though he doesn’t expect one is needed.
When it comes to the size of a rate increase, one greater than 50 basis points “is not my base case,” Federal Reserve Bank of St. Louis President James Bullard said during a virtual appearance Monday. But he noted the Fed has increased rates by more, and when it comes to a potential 75 basis point increase, “I wouldn’t rule it out.”
Read more on wsj.comAbout this in other media
Fed hikes interest rates by 50 basis points in effort to combat inflation cointelegraph.com /2 years ago
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