Why the Fed’s Bullard wanted to hike by 50 basis points and start quantitative tightening

Forexlive

St Louis Fed President James Bullard dissented in Wednesday’s decision. He called for a 50 bps hike and also wanted to start trimming the balance sheet. He noted that the economy will grow above trend in 2022 and 2023 and further strengthen a jobs market that’s “already stronger than it’s