Fed’s Bullard Says He Expects Economic Expansion to Continue This Year

Federal Reserve Bank of St. Louis President James Bullard mentioned the financial system seems on monitor for extra growth this 12 months, and that the central financial institution should meet market expectations for fee rises as a part of its effort to rein in inflation.

“U.S. labor markets remain robust, and output is expected to continue to expand through 2022,” Mr. Bullard mentioned in supplies for a presentation in Spain. But he added, “Risks remain substantial and stem from uncertainty around the Russia-Ukraine war and the possibility of a sharp slowdown in China.”