President of St. Louis Fed pushes for steeper rate hike amid fears of 1970s-style inflation spiral

President of St. Louis Fed pushes for steeper rate hike amid fears of 1970s-style inflation spiral

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St. Louis Federal Reserve President James Bullard on Wednesday pushed for a more rapid pace of interest rate increases amid signs that inflation is broadening throughout the U.S. economy. Bullard, who is not currently a voting member of the policy-setting Federal Open Market Committee, said that a…

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