Bullard: Favors 100 basis point increase by July 1st

Fed's Bullard

Fed’s Bullard (voting member in 2022) is on the wires saying:

  • He favors a 100 basis point increase by July 1
  • Would prefer 50 BPs in March but will defer to Powell
  • Would favor changing rates between meeting.
  • Fed balance sheet reduction may require asset sales
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