Federal Reserve Financial institution of St. Louis President James Bullard mentioned Thursday he’s contemplating assist for an additional large rate rise on the central financial institution’s coverage assembly subsequent month and added he isn’t able to say the financial system has seen the worst of the inflation surge.
“We should continue to move expeditiously to a level of the policy rate that will put significant downward pressure on inflation” and “I don’t really see why you want to drag out interest rate increases into next year,” Mr. Bullard mentioned in a Wall Road Journal interview.
