Former St. Louis Fed chief James Bullard warns that stronger growth will require even higher rates
WSJ: To what extent would the Fed need to worry about stronger growth, even in the context of continued declines in inflation from things like shelter and cars?
Bullard: ... You still have a very tight labor market, and now you have a reacceleration in the U.S. economy. The risks are tilting a little bit more toward the idea that inflation won’t fall as fast as anticipated.
Nick Timiraos Wall Street Journal 23 August 2023
One chart is all it took to move financial markets
That chart was presented by St. Louis Fed President James Bullard and it shows where he sees “the sufficiently restrictive zone” for the central bank’s main policy rate target.
Bullard put the zone somewhere between 5% to 7%
https://englundmacro.blogspot.com/2022/11/one-chart-is-all-it-took-to-move.html
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