Several Federal Reserve officials, both privately and publicly, are pushing back against calls by St. Louis Fed President Jim Bullard for super-sized rate hikes, and instead suggesting the central bank is likely to embark initially on a more measured path.
The comments of these officials suggest markets may have wrongly interpreted Bullard’s remarks as being more widely held than they are by Fed officials and leadership.
Atlanta Fed President Raphael Bostic said Feb. 10 after the inflation report that “My views have not changed” for three or four rate hikes this year, likely beginning with a 25 basis point increase. That was the same view he gave before the inflation report. (One basis point equals 0.01%.)
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