Inflation in the US is “too high”, the president of St. Petersburg stressed today. Louis Federal Reserve Bank, James Bullard reiterating his analysis for successive interest rate hikes to 3.5% by the end of the year in order to curb inflation expectations and slow down the price rally.
“What needs to be done now is to get to a neutral quickly [επίπεδο τη νομισματική πολιτική] “and then continue from there,” Bullard said in a speech at an External Relations Council event, according to Reuters.
The official also noted that he does not expect the central bank to need to raise its interest rates by more than 50 basis points in any of its next meetings.
He expressed optimism that the unemployment rate could continue to decline, even with aggressive increases in US interest rates, reiterating his estimate that unemployment could fall from 3.6% today and below 3% in the current year. 2022.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
