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MNI BRIEF: Bullard Favors Getting To Low-5% Fed Rate Quickly


St. Louis Fed President James Bullard said Thursday he favors raising interest rates faster than some of his colleagues who want a stepdown in the pace to a quarter point.

“I’ve liked the frontloading policy, I think if we want to move to the low 5% level we should go ahead and get to that level so we get the disinflationary impact of that now,” he said. Bullard didn't refer to a specific size for the Feb. 1 rate hike.

“We should just follow through and get to the right level of the policy rate. I don’t really see any purpose in dragging things out through 2023,” Bullard said.

MNI Washington Bureau | +1 202 371 2121 |
MNI Washington Bureau | +1 202 371 2121 |

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