Fed’s Bullard Calls for Higher Rates as Balance Sheet Jumps $100 Billion, Depositors Pull Funds From Banks

The Federal Reserve indispensable support raising involvement rates successful its ostentation combat arsenic the U.S. banking turmoil volition subside, says St. Louis Fed Bank President James Bullard. Speaking to the Greater St. Louis Inc. assemblage enactment connected Friday, Bullard explained that the cardinal slope indispensable assistance the benchmark fed funds complaint (FFR) higher than antecedently anticipated, citing prospects for stickier and stubborn ostentat...