Fed Official Sends Hawkish Signal, Sees Policy Becoming ‘More Aggressive Rather Than Less’ to Tame Inflation

Jim Bullard, president of the Federal Reserve Bank of St. Louis, has dismissed the anticipation of the cardinal slope easing its policy-tightening stance, informing that it mightiness alternatively go adjacent much aggressive. “Markets are underpricing the hazard that the FOMC [Federal Open Market Committee] volition person to beryllium much assertive alternatively than little assertive successful bid to incorporate the precise important inflation that we p...