Bullard Urges Front-Loading Rate Hikes to Boost Fed Credibility (As Flexible Price Inflation Hits 20.13%)
by confoundedinterest17 Federal Reserve Bank of St. Louis President James Bullard said he favors a strategy of “front-loading” big interest-rate hikes, and repeated he wants to end the year at 3.75% to 4% to counter the hottest inflation in four decades. “We still have some ways to go here to get to restrictive monetary policy,” Bullard said in … Read more