Fed’s Bullard Sees 3.5% Rates Setting Up Cuts in 2023 or ‘24

Fed’s Bullard Sees 3.5% Rates Setting Up Cuts in 2023 or ‘24

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Federal Reserve Bank of St. Louis President James Bullard urged policy makers to raise interest rates to 3.5% this year to bring inflation down from near a four-decade high, adding that some of those hikes could be reversed late next year or in 2024.

Bullard reminded the Economic Club of Memphis on Wednesday that in late 2019, prior to the Covid-19 pandemic,…


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