St. Louis Fed President James Bullard said the U.S. economy was stronger than expected and reiterated the need to continue raising interest rates.
“I think the U.S. rate has to be above 5%,” Bullard said in an interview with CNBC on Thursday. “We still have a little bit of a way to go to get there. Look forward to it,” he said.
Bullard will not vote at this year’s Federal Open Market Committee (FOMC) meeting.
The FOMC decided to raise interest rates by 0.25 points at its February meeting, slowing the pace of monetary tightening.
Bullard has been one of the FOMC’s most vocal hawkish voices since the U.S. economy’s recovery from the coronavirus pandemic began.Last week he said he would not rule out the possibility of supporting a 0.5 percentage point rate hike at the March meeting.was saying。
news-rsf-original-reference paywall">Original title:Bullard Still Favors Hiking Rates to 5.375% as Fast as Possible(excerpt)
