Fed’s Bullard Says Rates Are Getting Closer to Sufficiently High
- St. Louis chief indicates median forecast in restrictive range
- Inflation still too high but some measures have declined
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Federal Reserve Bank of St. Louis President James Bullard said interest rates are getting closer to a high enough level to bring down inflation, suggesting he’s comfortable with policymakers’ projections of how much further they will hike this year.
Bullard, in a presentation Thursday to business leaders in St. Louis, pointed to optimistic signs that price gains could slow further this year and that the central bank may succeed in taming the strongest inflation in a generation.