(Reuters) – The U.S. Federal Reserve should implement a full percentage point of rate increases over its three meetings between now and July 1, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for the strong action from the Fed against stubbornly high inflation.
“We are missing our inflation target on our preferred measure… and policy is still at rock bottom lows and we’ve still got asset purchases going on,” Bullard said in a television interview with CNN. “This is a moment where we need to shift to less accommodation.”
(Reporting by Chris Gallagher and Lindsay Dunsmuir; Editing by)
