St.Louis Fed chief makes case for front-loading more policy tightening
By Alexander Bueso
Date: Monday 14 Feb 2022
(Sharecast News) - A top US central bank official laid out the case on Monday for front-loading the removal of central bank accommodation, although he believed that was possible without disrupting markets.
"I do think we need to front-load more of our planned removal of accommodation than we would have previously. We've been surprised to the upside on inflation. This is a lot of inflation," the head of the Federal Reserve Bank of St.Louis, James Bullard, told broadcaster CNBC in an interview.
"Our credibility is on the line here and we do have to react to the data. However, I do think we can do it in a way that's organized and not disruptive to markets."
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