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Fed will likely need to keep interest rates above 5% into 2024 to succeed in taming inflation, Bullard says

Por: MarketWatch Business November 28, 2022

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Bullard added that it seems markets are still underestimating the degree to which the Fed will need to keep policy tight in order to rein in inflation, explaining that there is still some expectation that inflation might subside on its own. A few weeks ago, Bullard caused a stir and provoked a brief selloff in U.S. stocks when he suggested during a presentation that the Fed funds rate might need to move as high as 7%. The Fed has already hiked... + full article



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