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Fed’s Bullard: Rate Hikes May Still Be Needed to Cool Inflation

On May 6, Fed Bullard told reporters after speaking on Friday that policymakers may have to raise interest rates to curb inflation, but said he would keep an open mind before deciding what measures to support in June. Attitude.

He said he was open to reviewing economic data but would need to see “a meaningful decline in inflation” to be confident that further rate hikes were not warranted.