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Bullard Sees Fed Rate Hike Likely in September, Warns "One and Done" May Not be Enough
From kathleenhays.substack.com
video Jim Bullard has been there, done that more than once when it comes to steering the U.S. economy through some of its most severe challenges. Jim over as president of the Federal Reserve Bank of St. Louis in 2008, after working for many years as an economist and then its deputy director of research, just as the U.S. economy was sliding into the Great Financial Crisis. And when the Covid crisis led to a brief deep recession, followed by the worst inflation spike in 40 years, Jim convinced his fellow Fed officials to start doing the aggressive rate hikes that finally reined in prices. After being one of the ... (full story)
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