The president of the Federal Reserve of St. Louis, James Bullard, he told Fox Business Network on Monday that he sees the central bank raising interest rates twice in 2022, Reuters reported. He explained that if necessary, they will end the purchasing program earlier.
On inflation, Bullard said if it were to become more persistent, they may have to take action a little earlier, and the official sees problems in the supply chain continuing into 2022.
Consulted by the working market, said that this is one of the hottest post-war situations. See unemployment dropping below 4% sometime in the first quarter.
“Wait a lot of continuity in Fed policy no matter how the Fed chair appointment process works, “said Bullard when asked about the termination of Powell’s term.
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