Fed's Bullard Predicts Two Additional Rate Hikes in 2023

Federal Reserve Bank of St. Louis President James Bullard has called for two more interest rate hikes this year, citing surprisingly robust economic growth and inflation that isn't slowing fast enough. He did not specify a date for the hikes but said he favored them "sooner rather than later." Other regional Fed presidents had more moderate views, with San Francisco Fed President Mary Daly saying she would remain data dependent and Atlanta Federal Reserve President Raphael Bostic saying he was "kind of comfortable waiting a little bit to see how things play out."