Rates May Still Need to Rise 300 Basis Points, Fed’s Bullard
Federal Reserve Bank of St. Louis President James Bullard favors raising interest rates sharply
“I would like the committee to get to 3-3.25% on the policy rate in the second half of this year,
Bullard cited a version of the Taylor Rule that uses inflation, the unemployment rate and an estimate of the neutral interest rate -- a rate neither contractionary nor expansionary -- to come up with his estimate for how high rates should go.
Bloomberg 7 April 2022
Who’s Afraid of Rules-Based Monetary Policy?
John B. Taylor Project Syndicate 16 October 2020
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