Fed’s Bullard: economy can handle rising rates

James Bullard, president of the St. Louis Federal Reserve Bank, speaks during an interview in Richmond, Virginia, Nov. 19, 2019. Bullard supports a 0.75 percentage point rate hike and thinks a recession is unlikely. (AP Photo: Steve Helber)

July 11, 2022
4:11 p.m

Last week’s jobs report points to a solid US economy with little sign of a recession on the horizon and one that can withstand higher interest rates, St. Louis Federal Reserve President James Bullard said Monday.


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