Fed's Bullard: Rate hike this week was “a good next step” – by MSalordFX Fed CentralBanks
St. Louis Federal Reserve President James Bullard supported the 25 basis point rate hike that the Fed took
, calling it "a good next step." He stated that there is a significant amount of inflation in the economy. , Bullard's base case is not a recession, but rather slow growth and declining inflation. He also noted that the labor market remains "very tight" and will take time to cool.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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