Fed: Based on inflation data, the Fed should target 3.75% by the end of 2022 — James Bullard

The president of the Federal Reserve Bank of St. Louis, James Bullard, said Friday that it expects to see good employment reports through the second half of this year, as reported by Reuters.

Other comments

“The GDP figure is currently likely to be misleading.”

“The IDG is a better measure at this point.”

“I don’t think recession models are particularly accurate.”

“The US economy is slowing at the pace of trend growth.”

“This week’s inflation report has been very good.”

“Inflation has continued to surprise to the upside.”

“Based on these inflation figures, core PEC inflation has yet to peak.”

“We have a way to go on inflation.”

“I think the latest inflation report means the Fed should now target the 3.75% policy rate at the end of 2022.”

“We could do more guys sooner, or spread them out at the remaining meetings of the year.”

“Inflation is being broader and more persistent; we should have a stronger second quarter path accordingly.”

Source: Fx Street

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