Federal Reserve Bullard Supports the Fed to Raise Interest Rates by 25 Basis Points This Week

Fed Bullard said that he supports the Fed to raise interest rates by 25 basis points this week; this will be a good "next move" for FOMC; the U.S. economy still faces high inflation; his basic assumption is that the U.S. economy will slow down rather than falling into recession, but there is still a risk of recession; the labour market is still strong and will take time to cool down; rumours of a US economic collapse have been greatly exaggerated.

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