St. Louis Fed President James Bullard reiterated he would like interest rate to be raised from current 2.25-2.50% to 3.75-4.00% by the end of the year. He added that “front-loading” these rate hikes could “show you are serious about inflation fighting.”
“A baseline would probably be that inflation will be more persistent than many on Wall Street expect, and that’s going to be higher for longer and that’s a risk that is underpriced in markets today,” Bullard added.
