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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