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MNI BRIEF: Bullard Says Fed May Have To Amp Up Rate Hike Pace

The Federal Reserve may have to quicken the pace of monetary tightening if inflation remains stubbornly high or gets worse, St. Louis Fed President James Bullard said in prepared remarks Wednesday.

"The FOMC may have to move more aggressively going forward if inflation increases or does not moderate as much as expected," he said.

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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