Economic Policies

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

Fed’s Bullard Calls for Higher Rates as Balance Sheet Jumps $100 Billion, Depositors Pull Funds From Banks
President and CEO of the Federal Reserve Bank of St. Louis James Bullard in Washington on Aug. 6, 2019. Alastair Pike/AFP via Getty Images
Andrew Moran
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The Federal Reserve must keep raising interest rates in its inflation fight as the U.S. banking turmoil subsides, says St. Louis Fed Bank President James Bullard.

Speaking to the Greater St. Louis Inc. community organization on March 24, Bullard said the central bank must lift the benchmark federal funds rate (FFR) higher than previously anticipated, citing prospects for stickier and stubborn inflation and stronger-than-expected economic growth.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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