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Benzinga
Benzinga
Business
Wayne Duggan

Bullard Suggests FOMC Could Lower Interest Rates As Soon As 2023: What You Need To Know

James Bullard US Federal Reserve Interest Rates Inflation

After dipping into bear market territory, the S&P 500 experienced a bit of a midday bounce on Friday following some uncharacteristically dovish comments from St. Louis Federal Reserve Bank President James Bullard.

What Happened? In an interview with Fox Business Network on Friday, Bullard echoed his previously stated belief that the Fed should raise interest rates to 3.5% by the end of 2022 to rein in inflation. Yet Bullard also seemingly opened the door for a hasty Fed retreat if inflation starts to fall.

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