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James Bullard Says Fed Needs to Front-Load Rate Raises Amid Inflation Surge
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Federal Reserve Bank of St. Louis President James Bullard said the central bank needs to move aggressively to contain inflation pressures and wants a front-loaded course of interest-rate rises to make that happen.
Given the magnitude and duration of the inflation surge, “our credibility is on the line here,” Mr. Bullard said in a CNBC interview Monday. To show a commitment to getting inflation back to the central bank’s 2% target, “I do think we need to front-load more of our planned removal of accommodation than we would...
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