The Federal Reserve must keep raising interest rates in its inflation fight as the U.S. banking turmoil will subside, says St. Louis Fed Bank President James Bullard. Speaking to the Greater St. Louis Inc. community organization on Friday, Bullard explained that the central bank must lift the benchmark fed funds rate (FFR) higher than previously…

Last month, the Federal Reserve voted to raise interest rates by 25 basis points, but two central bank officials revealed that they advocated for larger rate hikes to combat elevated inflation. St. Louis Fed Bank President James Bullard told reporters at the Greater Jackson Chamber in Jackson, Tennessee, during an event that he advanced the…

The Federal Reserve may have to raise rates as high as 7 percent in order to have an impact on inflation, said James Bullard, president of the Federal Reserve Bank of St. Louis. Even if one allows for a “generous” assessment regarding the recent progress the Fed has made to fight inflation, it must continue…

Despite calls for a tighter monetary policy to fight high inflation, Federal Reserve policymakers have yet to commit to the size of the next rate increase at its policy meeting in September, said Esther George, president of the Federal Reserve Bank of Kansas City. It also remains far from clear whether the easing of U.S. inflation…

The U.S. economy is expected to continue to grow this year even as the Federal Reserve raises interest rates sharply to bring down unacceptably high inflation, St. Louis Fed President James Bullard said on Thursday. The U.S. central bank’s monetary policy tightening, along with inflation running at more than three times the Fed’s 2 percent…

The U.S. Federal Reserve must put the brakes on economic activity to tackle surging prices, James Bullard, president of the St. Louis Fed, told the Financial Times in an interview. It is a “fantasy” to think the Fed can bring inflation down sufficiently without raising interest rates, he said, adding that the Fed needs to…

The Federal Reserve should raise interest rates above 3 percent by the end of 2022, says St. Louis Fed Bank President James Bullard. Bullard, who was the lone dissent vote during this week’s much-anticipated Federal Open Market Committee (FOMC) policy meeting, argued that the central bank is not doing enough to fight 40-year high inflation….

In the aftermath of the January inflation reading, James Bullard, the president of the Federal Reserve Bank of St. Louis, has been doing the media rounds and making comments that have been generating headlines across the business media landscape. After the annual consumer price index (CPI) climbed to a 40-year high of 7.5 percent, Bullard…

St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within minutes, Bullard’s view became the…

St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases at the Fed’s March, May, and June meetings, before assessing whether the pace of inflation requires more aggressive steps from there. But he pushed back against the idea of kicking off…