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MNI BRIEF: Fed’s Bullard Sees Rates As High As 3.5% This Year

The Federal Reserve should keep raising interest rates, and do so fairly aggressively over the course of the year to get the fed funds rate as high as 3.5% this year, St. Louis Fed President James Bullard said.

“We have to move forthrightly in order to get the policy rate to the right level,” Bullard told reporters. “Today’s talk actually put a 3.5 number on the table” for the federal funds rate in the second half of the year.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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