St. Louis Fed President Bullard said that interest rates could be increased by 75 basis points if needed.
James Bullard said that the US Federal Reserve should raise interest rates to about 3.5% this year.
Pointing out that the inflation is too high to act comfortably, Bullard said the Fed should raise the interest rate to a neutral level “very soon.”
Expressing that it is too early to talk about the recession risk in the USA, Bullard predicted healthy growth in 2022 and 2023; He also predicted that the unemployment rate would fall below 3%.
Goldman Sachs stated that the probability of a recession in the US within the next two years is 35 percent.
