Central Banks
Fed’s Bullard Sees 2023 Shift With End of Front-Loading Hikes
- November move of 75 basis points ‘more or less priced in’
- Fed has option of pulling anticipated 2023 hikes into 2022
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Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank to end its ‘’front-loading” of aggressive interest-rate hikes by early next year and shift to keeping policy sufficiently restrictive with small adjustments as inflation cools.
“You do have to think about what the reasonable level is,” Bullard said Wednesday in a Bloomberg TV interview with Kathleen Hays in St. Louis, suggesting that he doesn’t currently see the need to push rates higher than officials have already projected.