More from Fed’s Bullard. He says there will be no recession.

Earlier comments from Bullard are here:

  • Fed’s Bullard says inflation is far too high, the Fed has a good plan in place

More now:

  • don’t think unemployment will rise, could even fall further, as fed hikes rates
  • still expect unemployment fall below 3% this year
  • rate hikes will bring inflation expectations down, lowering inflation without hurting labor market
  • we can bring inflation under control without going into recession
  • it might be reasonable if housing market cools off a bit
  • war in Ukraine will have a meaningful impact on Europe’s economy, but less on North America
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